Umar Faruqui - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T06:53:48+00:00How Important Are Liquidity Constraints for Canadian Households? Evidence from Micro-Data
https://www.bankofcanada.ca/2012/12/discussion-paper-2012-9/
Using a unique micro-dataset containing real and financial information on Canadian households for 2000–07, the authors address two questions: (1) What is the proportion of households whose consumption displays excess sensitivity to income, and who are likely liquidity constrained?2012-12-21T08:09:48+00:00enHow Important Are Liquidity Constraints for Canadian Households? Evidence from Micro-Data2012-12-21Economic modelsSectoral balance sheetDiscussion Paper 2012-09https://www.bankofcanada.ca/wp-content/uploads/2012/12/dp2012-09.pdfHow Important Are Liquidity Constraints for Canadian Households? Evidence from Micro-DataUmar FaruquiSamah TorchaniDecember 2012CC3C35DD1D12D3D30An Improved Framework for Assessing the Risks Arising from Elevated Household Debt
https://www.bankofcanada.ca/wp-content/uploads/2012/06/fsr-0612-faruqui.pdf
2012-06-14T09:28:49+00:00enAn Improved Framework for Assessing the Risks Arising from Elevated Household Debt2012-06-14What Explains Trends in Household Debt in Canada?
https://www.bankofcanada.ca/wp-content/uploads/2012/02/boc-review-winter11-12-crawford.pdf
Similar to the experiences in many other countries, household indebtedness in Canada has exhibited an upward trend over the past 30 years. Both mortgage and non-mortgage (consumer) credit have contributed to this development. In this article, the authors use microdata to highlight the main factors underlying the strong trend increase since the late 1990s. Favourable housing affordability, owing to factors such as income growth and low interest rates, has supported significant increases in home-ownership rates and mortgage debt. Much of the rise in consumer credit has been facilitated by higher housing values (used as collateral for loans) and financial innovation that makes it easier for households to access this credit.2012-02-23T10:20:22+00:00enWhat Explains Trends in Household Debt in Canada?2012-02-23Assembling a Real-Financial Micro-Dataset for Canadian Households
https://www.bankofcanada.ca/2010/02/working-paper-2010-6/
The lack of consolidated Canadian micro data on household balance sheets and expenditures has been an important impediment to empirical research into real-financial linkages in the Canadian household sector. Our paper attempts to fill this data gap by merging household balance sheet data from the Canadian Financial Monitor survey with household expenditure data from the Survey of Household Spending.2010-02-22T10:35:35+00:00enAssembling a Real-Financial Micro-Dataset for Canadian Households2010-02-22Sectoral balance sheetWorking Paper 2010-6https://www.bankofcanada.ca/wp-content/uploads/2010/05/wp10-6.pdfAssembling a Real-Financial Micro-Dataset for Canadian HouseholdsUmar FaruquiFebruary 2010CC8C81DD1D10Indebtedness and the Household Financial Health: An Examination of the Canadian Debt Service Ratio Distribution
https://www.bankofcanada.ca/2008/12/working-paper-2008-46/
The household debt-to-disposable income ratio in Canada increased from 110 per cent in 1999 to 127 per cent in 2007. This increase has raised questions about the ability of households to service their increased debt if faced with a negative economic or socio-economic shock.2008-12-02T10:15:42+00:00enIndebtedness and the Household Financial Health: An Examination of the Canadian Debt Service Ratio Distribution2008-12-02Financial stabilityMonetary and financial indicatorsWorking Paper 2008-46 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp08-46.pdfIndebtedness and the Household Financial Health: An Examination of the Canadian Debt Service Ratio DistributionUmar FaruquiDecember 2008DD1D11D14D3D39The Bank of Canada's Senior Loan Officer Survey
https://www.bankofcanada.ca/wp-content/uploads/2010/06/faruqui.pdf
The Bank of Canada maintains regular contact with financial institutions as part of the information-gathering process that feeds into the larger set of information used to arrive at its monetary policy decision. Since 1999, the Bank has been conducting a quarterly survey of the business-lending practices of major Canadian financial institutions. Analysis of the information collected shows that it is correlated with future growth in both credit and business investment. This article focuses on how the survey is conducted and describes the construction of the summary statistics, highlighting the key statistical relationships in the historical survey data.2008-09-15T14:23:27+00:00enThe Bank of Canada's Senior Loan Officer Survey2008-09-15Employment Effects Of Nominal-Wage Rigidity: An Examination Using Wage-Settlements Data
https://www.bankofcanada.ca/2000/07/working-paper-2000-14/
The argument advocating a moderate level of inflation based on the downward nominal-wage rigidity (DNWR) hypothesis rests on three factors: its presence, extent, and negative impact in the labour market. This paper focuses on the employment effect of DNWR.2000-07-08T10:29:38+00:00enEmployment Effects Of Nominal-Wage Rigidity: An Examination Using Wage-Settlements Data2000-07-08Labour marketsWorking Paper 2000-14 https://www.bankofcanada.ca/wp-content/uploads/2010/01/wp00-14.pdfEmployment Effects Of Nominal-Wage Rigidity: An Examination Using Wage-Settlements DataUmar FaruquiJuly 2000CC2C23JJ2J23J3J30