Posts
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June 19, 2013
Reconstruction: Rebuilding Business Confidence in Canada
Bank of Canada Governor Stephen S. Poloz discusses the structural damage to the Canadian economy caused by the crisis, and the need to rebuild Canada’s economic capacity and strengthen business confidence. -
June 19, 2013
Canada’s Economic Capacity Needs To Be Rebuilt and Confidence Strengthened, says Bank of Canada Governor Stephen S. Poloz
For Canada’s economy to grow in a self-sustaining, self-generating fashion, capacity needs to be rebuilt and business confidence strengthened, Bank of Canada Governor Stephen S. Poloz said today in a speech to the Oakville Chamber of Commerce. Although the Canadian economy has recovered the jobs and output lost during the recession, the structural damage caused […] -
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June 13, 2013
Financial System Review - June 2013
The Governing Council judges that the risks to the Canadian financial system have decreased somewhat relative to the December FSR, but that the overall level of risk remains high. The key risks are similar to those highlighted in December, and emanate primarily from the external environment. -
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Business Cycle Effects of Credit Shocks in a DSGE Model with Firm Defaults
This paper proposes a theoretical framework to analyze the relationship between credit shocks, firm defaults and volatility, and to study the impact of credit shocks on business cycle dynamics. -
Booms and Busts in House Prices Explained by Constraints in Housing Supply
We study the importance of supply constraints in explaining the heterogeneity in house price cycles across geographies in the United States.