G31 - Capital Budgeting; Fixed Investment and Inventory Studies; Capacity - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T05:18:41+00:00COVID-19’s impact on the financial health of Canadian businesses: An initial assessment
https://www.bankofcanada.ca/2021/05/staff-analytical-note-2021-8/
Despite COVID-19 challenges, bold policy measures in Canada have helped businesses manage cash flow pressures and kept insolvency filings low. But the impact of the pandemic has been uneven, and the financial health of some firms may further deteriorate over the next year.2021-05-10T10:00:09+00:00enCOVID-19’s impact on the financial health of Canadian businesses: An initial assessment2021-05-10Debt-Relief Programs and Money Left on the Table: Evidence from Canada's Response to COVID-19
https://www.bankofcanada.ca/2021/03/staff-working-paper-2021-13/
During the COVID-19 pandemic, Canadian financial institutions offered debt-relief programs to help borrowers cope with job losses and economic insecurity. We consider the low take-up rates for these programs and suggest that to be effective, such programs must be visible and easy to use.2021-03-16T08:46:16+00:00enDebt-Relief Programs and Money Left on the Table: Evidence from Canada's Response to COVID-192021-03-16Coronavirus disease (COVID-19)Credit and credit aggregatesDebt managementStaff Working Paper 2021-13https://www.bankofcanada.ca/wp-content/uploads/2021/03/swp2021-13.pdfDebt-Relief Programs and Money Left on the Table: Evidence from Canada's Response to COVID-19Jason AllenRobert ClarkShaoteng LiNicolas VincentMarch 2021GG3G31HH5Corporate 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 gap2020-09-11Identifying Aggregate Shocks with Micro-level Heterogeneity: Financial Shocks and Investment Fluctuation
https://www.bankofcanada.ca/2020/05/staff-working-paper-2020-17/
This paper identifies aggregate financial shocks and quantifies their effects on business investment based on an estimated DSGE model with firm-level heterogeneity. On average, financial shocks contribute only 3% of the variation in U.S. public firms’ aggregate investment.2020-05-19T09:07:43+00:00enIdentifying Aggregate Shocks with Micro-level Heterogeneity: Financial Shocks and Investment Fluctuation2020-05-19Business fluctuations and cyclesFirm dynamicsStaff Working Paper 2020-17https://www.bankofcanada.ca/wp-content/uploads/2020/05/swp2020-17.pdfStaff Working Paper 2020-17Xing GuoMay 2020EE1E12E2E22GG3G31G32Firm-level Investment Under Imperfect Capital Markets in Ukraine
https://www.bankofcanada.ca/2019/04/staff-working-paper-2019-14/
This paper develops and estimates a model of firm-level fixed capital investment when
firms face borrowing constraints.2019-04-10T13:15:12+00:00enFirm-level Investment Under Imperfect Capital Markets in Ukraine2019-04-10Econometric and statistical methodsEconomic modelsFirm dynamicsStaff Working Paper 2019-14https://www.bankofcanada.ca/wp-content/uploads/2019/04/swp2019-14.pdfFirm-level Investment Under Imperfect Capital Markets in UkraineOleksandr ShcherbakovApril 2019CC6C61C63DD2D24GG3G31The Role of Corporate Saving over the Business Cycle: Shock Absorber or Amplifier?
https://www.bankofcanada.ca/2018/12/staff-working-paper-2018-59/
We document countercyclical corporate saving behavior with the degree of countercyclicality varying nonmonotonically with firm size. We then develop a dynamic stochastic general equilibrium model with heterogeneous firms to explain the pattern and study its implications for business cycles.2018-12-17T15:00:32+00:00enThe Role of Corporate Saving over the Business Cycle: Shock Absorber or Amplifier?2018-12-17Business fluctuations and cyclesEconomic modelsStaff Working Paper 2018-59https://www.bankofcanada.ca/wp-content/uploads/2018/12/swp2018-59.pdfThe Role of Corporate Saving over the Business Cycle: Shock Absorber or Amplifier?Xiaodan GaoShaofeng XuDecember 2018EE2E20E22E3E32GG3G31G32Why Is Global Business Investment So Weak? Some Insights from Advanced Economies
https://www.bankofcanada.ca/wp-content/uploads/2017/05/boc-review-spring17-fay.pdf
Various drivers of business investment can be used to explain the underwhelming performance of investment in advanced economies since the global financial crisis, particularly since 2014. The slow growth in aggregate demand cannot by itself explain the full extent of the recent weakness in investment, which appears to be linked primarily to the collapse of global commodity prices and a rise in economic uncertainty. Looking ahead, business investment growth is likely to remain slower than in the pre-crisis period, largely because of structural factors such as population aging.2017-05-11T10:26:31+00:00enWhy Is Global Business Investment So Weak? Some Insights from Advanced Economies2017-05-11What Is Behind the Weakness in Global Investment?
https://www.bankofcanada.ca/2016/02/staff-discussion-paper-2016-5/
The recovery in private business investment globally remains extremely weak more than seven years after the financial crisis. This paper contributes to the ongoing policy debate on the factors behind this weakness by analyzing the role of growth prospects and uncertainty in explaining developments in non-residential private business investment in large advanced economies since the crisis.2016-02-08T12:33:39+00:00enWhat Is Behind the Weakness in Global Investment?2016-02-08Business fluctuations and cyclesCentral bank researchDomestic demand and componentsEconomic modelsInternational topicsMonetary policy and uncertaintyRecent economic and financial developmentsStaff Discussion Paper 2016-5https://www.bankofcanada.ca/wp-content/uploads/2016/02/sdp2016-5.pdfWhat Is Behind the Weakness in Global Investment?Maxime LeboeufRobert FayFebruary 2016CC2C23C3C33DD2D24D8D80D84EE2E22FF0F01GG3G31The Private Equity Premium Puzzle Revisited
https://www.bankofcanada.ca/2011/02/working-paper-2011-6/
In this paper, I extend the results of Moskowitz and Vissing-Jørgensen (2002) on the returns to entrepreneurial investments in the United States. First, following the authors’ methodology I replicate the original findings from the Survey of Consumer Finances (SCF) for the period 1989–1998 and show that the returns to private and public equity are similar.2011-02-22T08:43:38+00:00enThe Private Equity Premium Puzzle Revisited2011-02-22Financial marketsInterest ratesRecent economic and financial developmentsWorking Paper 2011-6https://www.bankofcanada.ca/wp-content/uploads/2011/02/wp11-6.pdfThe Private Equity Premium Puzzle RevisitedKatya KartashovaFebruary 2011GG1G11G12G2G24G3G31G32