Borrow Now, Pay Even Later: A Quantitative Analysis of Student Debt Payment Plans Staff Working Paper 2023-54 Michael Boutros, Nuno Clara, Francisco Gomes We investigate alternative student debt contracts that defer payments and ease the burden of student loans on US households by preserving disposable income early in borrowers’ lives. Our model shows substantial welfare gains from these contracts relative to existing plans and gains similar to the Biden administration's proposals but with a significantly lower cost. Content Type(s): Staff research, Staff working papers Topic(s): Asset pricing, Economic models, Financial markets, Labour markets, Market structure and pricing JEL Code(s): E, E2, G, G5, H, H3
October 26, 2023 Bank of Canada announces appointment of Nick Leswick as Executive Director of Policy Media Relations Ottawa, Ontario The Bank of Canada today announced that Nick Leswick has been appointed to the new role of Executive Director of Policy, effective January 9, 2024. Content Type(s): Press, Press releases
October 26, 2023 Bank of Canada announces changes to Overnight Reverse Repo operations The Bank’s Overnight Reverse Repo (ORR) operations help reinforce the Bank’s target for the overnight rate in a floor system with large settlement balances. Content Type(s): Press, Market notices Source(s): Overnight repo and overnight reverse repo operations
October 26, 2023 The Current, CBC Radio Tiff Macklem, Governor of the Bank of Canada Interview with The Current on CBC Radio Content Type(s): Press, Media activities
October 25, 2023 Zone économie on Radio-Canada Nicolas Vincent, Deputy Governor of the Bank of Canada Interview with Zone économie on Radio-Canada Content Type(s): Press, Media activities
October 25, 2023 Bank of Canada Media Interview – Zone économie Nicolas Vincent, Deputy Governor of the Bank of Canada, will give an interview to Radio-Canada’s Gérald Fillion. Content Type(s): Press, Media advisories
October 25, 2023 Bank of Canada Media Interview – CBC Radio Tiff Macklem, Governor of the Bank of Canada, was interviewed on CBC’s radio show The Current. The program airs tomorrow morning and begins at 8:30 (Eastern Time). Content Type(s): Press, Media advisories
October 25, 2023 Monetary Policy Report Press Conference Opening Statement Opening statement Tiff Macklem Ottawa, Ontario Governor Tiff Macklem discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR. Content Type(s): Press, Speeches and appearances, Opening statements