D9 - Intertemporal Choice and Growth - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T13:26:07+00:00Windfall Income Shocks with Finite Planning Horizons
https://www.bankofcanada.ca/2022/09/staff-working-paper-2022-40/
How do households respond when they receive unanticipated income, such as an inheritance or government stimulus cheque? This paper studies these windfall income shocks through a model of household behaviour that generates a realistic consumption response for households along the entire distribution of wealth.2022-09-20T08:47:42+00:00enWindfall Income Shocks with Finite Planning Horizons2022-09-20Domestic demand and componentsEconomic modelsFiscal policyStaff Working Paper 2022-40https://www.bankofcanada.ca/wp-content/uploads/2022/09/swp2022-40.pdfWindfall Income Shocks with Finite Planning HorizonsMichael BoutrosSeptember 2022DD9D91EE2E21GG5G51An Empirical Analysis of Bill Payment Choices
https://www.bankofcanada.ca/2021/05/staff-working-paper-2021-23/
How do Canadians pay their bills? 2019 survey data collected from over 4,000 Canadian consumers show how people’s bill payment choices vary with consumer characteristics and types of bills. The data also reveal that many consumers feel limited in their choices, which suggests that preferences of billers might play an important role as well.2021-05-17T14:22:26+00:00enAn Empirical Analysis of Bill Payment Choices2021-05-17Bank notesEconometric and statistical methodsFinancial servicesPayment clearing and settlement systemsStaff Working Paper 2021-23https://www.bankofcanada.ca/wp-content/uploads/2021/05/swp2021-23.pdfStaff Working Paper 2021-23Anneke KosseMay 2021DD1D9GG2Corporate investment and monetary policy transmission in Canada
https://www.bankofcanada.ca/2020/11/staff-analytical-note-2020-26/
Unexpected changes in interest rates lead small firms to materially change their investment rate. Large firms, in contrast, show a smaller response. This suggests both that financial conditions are an important channel for transmitting monetary policy and that firm characteristics can help us better understand fluctuations in business investment.2020-11-02T15:00:35+00:00enCorporate investment and monetary policy transmission in Canada2020-11-02The Canadian corporate investment gap
https://www.bankofcanada.ca/2020/09/staff-analytical-note-2020-19/
Business investment has been lower than expected in Canada and abroad since the financial crisis of 2007–09. This corporate investment gap is mirrored in firms’ other financing decisions, as they have increased cash holdings and dividend payments and decreased issuance of debt and equity.2020-09-11T09:59:23+00:00enThe Canadian corporate investment gap2020-09-11The Interplay of Financial Education, Financial Literacy, Financial Inclusion and Financial Stability: Any Lessons for the Current Big Tech Era?
https://www.bankofcanada.ca/2020/08/staff-working-paper-2020-32/
The objective of this paper is twofold. First, we assess whether financial education might be a suitable tool to promote the financial inclusion opportunities that big techs provide. Second, we study how this potential financial inclusion could impact financial stability.2020-08-14T09:15:13+00:00enThe Interplay of Financial Education, Financial Literacy, Financial Inclusion and Financial Stability: Any Lessons for the Current Big Tech Era?2020-08-14Development economicsDigital currencies and fintechFinancial marketsFinancial servicesFinancial stabilityStaff Working Paper 2020-32https://www.bankofcanada.ca/wp-content/uploads/2020/08/swp2020-32.pdfStaff Working Paper 2020-32Nicole JonkerAnneke KosseAugust 2020DD1D14D9D91D92GG2G21G23OO1O16Ten Isn’t Large! Group Size and Coordination in a Large-Scale Experiment
https://www.bankofcanada.ca/2020/07/staff-working-paper-2020-30/
Economic activities typically involve coordination among a large number of agents. These agents have to anticipate what other agents think before making their own decisions.2020-07-08T10:14:21+00:00enTen Isn’t Large! Group Size and Coordination in a Large-Scale Experiment2020-07-08Financial marketsFinancial stabilityStaff Working Paper 2020-30https://www.bankofcanada.ca/wp-content/uploads/2020/07/swp2020-30.pdfStaff Working Paper 2020-30Jasmina ArifovicCars HommesAnita Kopányi-PeukerIsabelle SalleJuly 2020CC9C92DD8D83D9D90GG2G20Housing and Tax-Deferred Retirement Accounts
https://www.bankofcanada.ca/2016/05/staff-working-paper-2016-24/
Assets in tax-deferred retirement accounts (TDA) and housing are two major components of household portfolios. In this paper, we develop a life-cycle model to examine the interaction between households’ use of TDA and their housing decisions.2016-05-11T15:10:28+00:00enHousing and Tax-Deferred Retirement Accounts2016-05-11Economic modelsHousingStaff Working Paper 2016-24https://www.bankofcanada.ca/wp-content/uploads/2016/05/swp2016-24.pdfHousing and Tax-Deferred Retirement AccountsAnson T. Y. HoJie ZhouMay 2016CC6C61DD1D14D9D91EE2E21HH2H24RR2R21Uncertainty and the Specificity of Human Capital
https://www.bankofcanada.ca/2007/12/working-paper-2007-57/
This paper studies the choice between general and specific human capital. A trade-off arises because general human capital, while less productive, can easily be reallocated across firms.2007-12-03T09:36:41+00:00enUncertainty and the Specificity of Human Capital2007-12-03Economic modelsWorking Paper 2007-57 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp07-57.pdfUncertainty and the Specificity of Human CapitalMartin GervaisIgor LivshitsCésaire MehDecember 2007DD9D92JJ2J24J4J41J6J62Financial Market Imperfection, Overinvestment, and Speculative Precaution
https://www.bankofcanada.ca/2004/07/working-paper-2004-27/
The author uses panel data to assess the sensitivity of investment to cash flow in non-financial firms, taking into account the role their financial health plays in investment decisions.2004-07-01T11:36:41+00:00enFinancial Market Imperfection, Overinvestment, and Speculative Precaution2004-07-01Business fluctuations and cyclesWorking Paper 2004-27 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp04-27.pdfFinancial Market Imperfection, Overinvestment, and Speculative PrecautionChristian CalmèsJuly 2004DD9D92EE2E22E4E44GG3G33Wealth, Disposable Income and Consumption: Some Evidence for Canada
https://www.bankofcanada.ca/1994/11/technical-report-no71/
The author develops a measure of aggregate private sector wealth in Canada and examines its ability to explain aggregate consumption of non-durables and services. This wealth measure includes financial, physical and human wealth. The author measures human wealth as the expected present value of aggregate labour income, net of government expenditures, based on a discrete […]1994-11-01T12:07:05+00:00enWealth, Disposable Income and Consumption: Some Evidence for Canada1994-11-01Domestic demand and componentsTechnical Report 71https://www.bankofcanada.ca/wp-content/uploads/2010/01/tr71.pdfWealth, Disposable Income And Consumption: Some Evidence for CanadaTiff MacklemNovember 1994DD9D91EE2E21