Jelena Zivanovic is Senior Economist in the Canadian Economic Analysis (CEA) department. Her research interests include macroeconomics, monetary economics, macro-finance and applied econometrics. Prior to joining the Bank, Jelena worked as Research Assistant at Humboldt University. She holds a Ph.D. in Economics from Humboldt University.
Based on empirical evidence, I propose a dynamic stochastic general equilibrium model with two financial sectors to analyze the role of corporate debt composition (bank versus bond financing) in the transmission of economic shocks.