Timothy Grieder

Timothy Grieder

Principal Economist

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Staff analytical notes

The Canadian corporate investment gap

Staff Analytical Note 2020-19 Chris D'Souza, Timothy Grieder, Daniel Hyun, Jonathan Witmer
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.

Measuring Non-Financial Corporate Sector Vulnerabilities in Canada

Staff Analytical Note 2019-15 Timothy Grieder, Claire Schaffter
The ratio of non-financial corporate debt to gross domestic product in Canada has increased noticeably in recent years and is currently at an all-time high. In light of this development, we use a unique firm-level dataset to construct vulnerability indicators for the non-financial corporate sector in Canada.

Measuring Vulnerabilities in the Non-Financial Corporate Sector Using Industry- and Firm-Level Data

Staff Analytical Note 2018-17 Timothy Grieder, Michal Lipsitz
Aggregate non-financial corporate debt-to-GDP has been growing rapidly in recent years and is at an all-time high. This growth began in 2011 and accelerated as the oil price shock affected the Canadian economy.

Recent Evolution of Canada’s Credit-to-GDP Gap: Measurement and Interpretation

Staff Analytical Note 2017-25 Timothy Grieder, Dylan Hogg, Thibaut Duprey
Over the past several years, the Bank for International Settlements has noted that Canada’s credit-to-GDP gap has widened and is above thresholds indicating future banking stress.

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Staff working papers

The Impact of Macroprudential Housing Finance Tools in Canada: 2005–10

Staff Working Paper 2016-41 Jason Allen, Timothy Grieder, Brian Peterson, Tom Roberts
This paper combines loan-level administrative data with household-level survey data to analyze the impact of recent macroprudential policy changes in Canada using a microsimulation model of mortgage demand of first-time homebuyers.
Content Type(s): Staff research, Staff working papers Topic(s): Financial system regulation and policies JEL Code(s): C, C6, C63, D, D1, D14, G, G2, G28

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Journal publications

Refereed journals