D12 - Consumer Economics: Empirical Analysis - Bank of Canada
https://www.bankofcanada.ca/rss-feeds/
Bank of Canada RSS Feedsen2024-03-28T14:29:40+00:00We 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 2023CC2C21DD1D12GG2G21QQ5Q54Fiscal Stimulus and Skill Accumulation over the Life Cycle
https://www.bankofcanada.ca/2023/01/staff-working-paper-2023-9/
Using micro data from the U.S. Consumer Expenditure Survey and Current Population Survey, I document that government spending shocks affect individuals differently over the life cycle.2023-01-30T10:26:17+00:00enFiscal Stimulus and Skill Accumulation over the Life Cycle2023-01-30Business fluctuations and cyclesFiscal policyProductivityStaff Working Paper 2023-9https://www.bankofcanada.ca/wp-content/uploads/2023/01/swp2023-9.pdfFiscal Stimulus and Skill Accumulation over the Life CycleLaure SimonJanuary 2023DD1D12D15EE2E21E6E62JJ1J11J2J24Equilibrium in Two-Sided Markets for Payments: Consumer Awareness and the Welfare Cost of the Interchange Fee
https://www.bankofcanada.ca/2022/03/staff-working-paper-2022-15/
We construct and estimate a structural two-stage model of equilibrium in a market for payments in order to quantify the network externalities and identify the main determinants of consumer and merchant decisions.2022-03-22T08:54:14+00:00enEquilibrium in Two-Sided Markets for Payments: Consumer Awareness and the Welfare Cost of the Interchange Fee2022-03-22Bank notesDigital currencies and fintechEconometric and statistical methodsFinancial servicesStaff Working Paper 2022-15https://www.bankofcanada.ca/wp-content/uploads/2022/03/swp2022-15.pdfStaff Working Paper 2022-15Kim HuynhGradon NichollsOleksandr ShcherbakovMarch 2022CC5C51DD1D12EE4E42LL1L14COVID-19, Containment and Consumption
https://www.bankofcanada.ca/2022/03/staff-discussion-paper-2022-5/
We assess the impact of COVID-19 on consumption indicators by estimating the effects of government-mandated containment measures and of the willingness of individuals to voluntarily physically distance to prevent contagion.2022-03-18T12:38:53+00:00enCOVID-19, Containment and Consumption2022-03-18Coronavirus disease (COVID-19)Domestic demand and componentsStaff Discussion Paper 2022-5https://www.bankofcanada.ca/wp-content/uploads/2022/03/sdp2022-5.pdfCOVID-19, Containment and ConsumptionTatjana DahlhausDaniel HyunAntoine Poulin-MooreJaime TrujilloSaarah SheikhBenjamin StrausMarch 2022CC2C23DD1D12EE6E65II1I18The COVID-19 Consumption Game-Changer: Evidence from a Large-Scale Multi-Country Survey
https://www.bankofcanada.ca/2021/11/staff-working-paper-2021-57/
A multi-country consumer survey investigates why and how much households decreased their consumption in five key sectors after pandemic-related restrictions were lifted in Europe in July 2020. Beyond infection risk and precautionary saving motives, households also reported not missing some consumption items, which may indicate preference shifts and structural changes in the post-COVID-19 economy.2021-11-18T09:52:37+00:00enThe COVID-19 Consumption Game-Changer: Evidence from a Large-Scale Multi-Country Survey2021-11-18Coronavirus disease (COVID-19)Domestic demand and componentsFirm dynamicsFiscal policyRecent economic and financial developmentsStaff Working Paper 2021-57https://www.bankofcanada.ca/wp-content/uploads/2021/11/swp2021-57.pdfThe COVID-19 Consumption Game-Changer: Evidence from a Large-Scale Multi-Country SurveyAlexander HodbodCars HommesStefanie J. HuberIsabelle SalleNovember 2021DD1D12D8D81D84EE2E21E6E60E7E71Payment Habits During COVID-19: Evidence from High-Frequency Transaction Data
https://www.bankofcanada.ca/2021/09/staff-working-paper-2021-43/
We examine how consumers have adjusted their payment habits during the COVID-19 pandemic. They seem to perform fewer transactions, spend more in each transaction, use less cash at the point of sale and withdraw cash from ATMs linked to their financial institution more often than from other ATMs.2021-09-10T09:14:25+00:00enPayment Habits During COVID-19: Evidence from High-Frequency Transaction Data2021-09-10Coronavirus disease (COVID-19)Domestic demand and componentsPayment clearing and settlement systemsRecent economic and financial developmentsStaff Working Paper 2021-43https://www.bankofcanada.ca/wp-content/uploads/2021/09/swp2021-43.pdfPayment Habits During COVID-19: Evidence from High-Frequency Transaction DataTatjana DahlhausAngelika WelteSeptember 2021CC2C22C5C55DD1D12EE2E21E4E42E5E52Distributional Effects of Payment Card Pricing and Merchant Cost Pass-through in Canada and the United States
https://www.bankofcanada.ca/2021/02/staff-working-paper-2021-8/
Although credit cards are more expensive for merchants to accept than cash or debit cards, merchants typically pass through their costs evenly to all customers. Along with consumer card rewards and banking fees, this creates cross-subsidies between payment methods. Because higher-income individuals tend to use credit cards more than those with lower incomes, our results indicate that these cross-subsidies might lead to regressive distributional effects.2021-02-05T10:29:38+00:00enDistributional Effects of Payment Card Pricing and Merchant Cost Pass-through in Canada and the United States2021-02-05Bank notesFinancial institutionsFinancial servicesMarket structure and pricingPayment clearing and settlement systemsStaff Working Paper 2021-8https://www.bankofcanada.ca/wp-content/uploads/2021/02/swp2021-8.pdfDistributional Effects of Payment Card Pricing and Merchant Cost Pass-through in Canada and the United StatesMarie-Hélène FeltFumiko HayashiJoanna StavinsAngelika WelteFebruary 2021DD1D12D2D23D3D31EE4E42GG2G21LL8L81Losing Contact: The Impact of Contactless Payments on Cash Usage
https://www.bankofcanada.ca/2020/12/staff-working-paper-2020-56/
Contactless payment cards are a competitive alternative to cash. Using Canadian panel data from 2010 to 2017, this study investigates whether contactless credit cards are an important contributor to the decline in the transactional use of cash. 2020-12-29T09:32:24+00:00enLosing Contact: The Impact of Contactless Payments on Cash Usage2020-12-29Bank notesDigital currencies and fintechEconometric and statistical methodsFinancial servicesStaff Working Paper 2020-56https://www.bankofcanada.ca/wp-content/uploads/2020/12/swp2020-56.pdfStaff Working Paper 2020-56Marie-Hélène FeltDecember 2020CC3C33DD1D12EE4E41What do high-frequency expenditure network data reveal about spending and inflation during COVID‑19?
https://www.bankofcanada.ca/2020/09/staff-analytical-note-2020-20/
The official consumer price index (CPI) inflation measure, based on a fixed basket set before the COVID 19 pandemic, may not fully reflect what consumers are currently experiencing. We partnered with Statistics Canada to construct a more representative index for the pandemic with weights based on real-time transaction and survey data.2020-09-11T10:00:15+00:00enWhat do high-frequency expenditure network data reveal about spending and inflation during COVID‑19?2020-09-11Household 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‑192020-06-05