C21 - Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T10:17:50+00:00Regulation, Emissions and Productivity: Evidence from China’s Eleventh Five-Year Plan
https://www.bankofcanada.ca/2024/03/staff-working-paper-2024-7/
We study the degree to which China’s 11th Five-Year Plan softens trade-offs between emissions and output. Our model suggests efficient regulation could have further increased aggregate productivity by 3.5% and output by 4.7% without any increase in aggregate emissions.2024-03-21T14:07:50+00:00enRegulation, Emissions and Productivity: Evidence from China’s Eleventh Five-Year Plan2024-03-21Climate changeProductivityStaff Working Paper 2024-7https://www.bankofcanada.ca/wp-content/uploads/2024/03/swp2024-7.pdfRegulation, Emissions and Productivity: Evidence from China’s Eleventh Five-Year PlanBrantly CallawayTong LiJoel RodrigueYuya SasakiYong TanMarch 2024CC2C21DD2D24QQ5Q53We Didn’t Start the Fire: Effects of a Natural Disaster on Consumers’ Financial Distress
https://www.bankofcanada.ca/2023/02/staff-working-paper-2023-15/
We use detailed consumer credit data to investigate the impact of the 2016 Fort McMurray wildfire, the costliest wildfire disaster in Canadian history, on consumers’ financial stress. We focus on the arrears of insured mortgages because of their important implications for financial institutions and insurers’ business risk and relevant management practices.2023-02-28T14:59:47+00:00enWe Didn’t Start the Fire: Effects of a Natural Disaster on Consumers’ Financial Distress2023-02-28Climate changeCredit and credit aggregatesEconometric and statistical methodsFinancial stabilityStaff Working Paper 2023-15https://www.bankofcanada.ca/wp-content/uploads/2023/02/swp2023-15.pdfStaff Working Paper 2023-15Anson T. Y. HoKim HuynhDavid T. Jacho-ChávezGeneviève ValléeFebruary 2023CC2C21DD1D12GG2G21QQ5Q54Household financial vulnerabilities and physical climate risks
https://www.bankofcanada.ca/2021/08/staff-analytical-note-2021-19/
Natural disasters occur more often than before, potentially exposing households to financial distress. We study the intersection between household financial vulnerabilities and severe weather events.2021-08-23T13:00:51+00:00enHousehold financial vulnerabilities and physical climate risks2021-08-23Networking the Yield Curve: Implications for Monetary Policy
https://www.bankofcanada.ca/2021/01/staff-working-paper-2021-4/
We study how different monetary policies affect the yield curve and interact. Our study highlights the importance of the spillover structure across the yield curve for policy-making.2021-01-21T15:36:58+00:00enNetworking the Yield Curve: Implications for Monetary Policy2021-01-21Econometric and statistical methodsInterest ratesMonetary policy implementationStaff Working Paper 2021-4https://www.bankofcanada.ca/wp-content/uploads/2021/01/swp2021-4.pdfStaff Working Paper 2021-4Tatjana DahlhausJulia SchaumburgTatevik SekhposyanJanuary 2021CC1C18C2C21C5C53EE4E43E44E5E52Household indebtedness risks in the wake of COVID‑19
https://www.bankofcanada.ca/2020/06/staff-analytical-note-2020-8/
COVID-19 presents challenges for indebted households. We assess these by drawing parallels between pandemics and natural disasters. Taking into account the financial health of the household sector when the pandemic began, we run model simulations to illustrate how payment deferrals and the labour market recovery will affect mortgage defaults.2020-06-05T10:00:32+00:00enHousehold indebtedness risks in the wake of COVID‑192020-06-05What’s Up with Unit Non-Response in the Bank of Canada’s Business Outlook Survey? The Effect of Staff Tenure
https://www.bankofcanada.ca/2017/09/staff-discussion-paper-2017-11/
Since 1997, the Bank of Canada’s regional offices have been conducting the Business Outlook Survey (BOS), a quarterly survey of business conditions. Survey responses are gathered through face-to-face, confidential consultations with a sample of private sector firms representative of the various sectors, firm sizes and regions across Canada.2017-09-27T11:42:51+00:00enWhat’s Up with Unit Non-Response in the Bank of Canada’s Business Outlook Survey? The Effect of Staff Tenure2017-09-27Econometric and statistical methodsFirm dynamicsRegional economic developmentsStaff Discussion Paper 2017-11https://www.bankofcanada.ca/wp-content/uploads/2017/09/sdp2017-11.pdfWhat’s Up with Unit Non-Response in the Bank of Canada’s Business Outlook Survey? The Effect of Staff TenureSarah MillerDavid AmiraultLaurent MartinSeptember 2017CC2C21C8C81DD2D22Monetary Policy, Private Debt and Financial Stability Risks
https://www.bankofcanada.ca/2016/12/staff-working-paper-2016-59/
Can monetary policy be used to promote financial stability? We answer this question by estimating the impact of a monetary policy shock on private-sector leverage and the likelihood of a financial crisis. Impulse responses obtained from a panel VAR model of 18 advanced countries suggest that the debt-to-GDP ratio rises in the short run following an unexpected tightening in monetary policy.2016-12-19T13:17:39+00:00enMonetary Policy, Private Debt and Financial Stability Risks2016-12-19Credit and credit aggregatesFinancial stabilityMonetary policyMonetary policy transmissionStaff Working Paper 2016-59https://www.bankofcanada.ca/wp-content/uploads/2016/12/swp2016-59.pdfMonetary Policy, Private Debt and Financial Stability RisksGregory BauerEleonora GranzieraDecember 2016CC2C21C23EE5E52E58Sheep in Wolf’s Clothing: Using the Least Squares Criterion for Quantile Estimation
https://www.bankofcanada.ca/2014/06/working-paper-2014-24/
Estimation of the quantile model, especially with a large data set, can be computationally burdensome. This paper proposes using the Gaussian approximation, also known as quantile coupling, to estimate a quantile model.2014-06-17T10:26:21+00:00enSheep in Wolf’s Clothing: Using the Least Squares Criterion for Quantile Estimation2014-06-17Econometric and statistical methodsWorking Paper 2014-24https://www.bankofcanada.ca/wp-content/uploads/2014/06/wp2014-24.pdfC13; C14; C21Heng ChenJune 2014CC1C13C14C2C21Are There Canada-U.S. Differences in SME Financing?
https://www.bankofcanada.ca/2008/10/working-paper-2008-41/
Previous surveys of Canadian and U.S. business owners suggest that access to financing in Canada may be more problematic than in the United States. Using the 2003 Survey of Small Business Financing in the United States and the 2004 Survey on Financing of Small and Medium Enterprises in Canada, this paper examines whether this perception can be better quantified.2008-10-20T16:04:57+00:00enAre There Canada-U.S. Differences in SME Financing?2008-10-20Financial servicesWorking Paper 2008-41https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp08-41.pdfAre There Canada-U.S. Differences in SME Financing?Danny LeungCésaire MehYaz TerajimaOctober 2008CC2C21GG2G21