Information, Prices and Buyer Entry Staff working paper 2026-4 Mei Dong, Janet Hua Jiang, Ling Sun In markets with costly buyer entry, information transparency about prices draws in buyers, increasing demand-side competition and putting upward pressure on prices. We show that this buyer entry effect may dominate seller competition as emphasized by conventional wisdom and prices and markups may rise with information transparency. Content Type(s): Staff research, Staff working papers JEL Code(s): D, D4, D40, D8, D83, L, L1, L11 Research Theme(s): Models and tools, Economic models
Monetary Policy Under Okun’s Hypothesis Staff working paper 2026-3 Felipe Alves, Giovanni L. Violante The current monetary policy framework of the Fed intends to be more ’inclusive’ by running the economy hot for longer during expansions. Content Type(s): Staff research, Staff working papers JEL Code(s): E, E2, E21, E24, E3, E31, E32, E5, E52, J, J2, J24, J6, J64 Research Theme(s): Models and tools, Economic models, Monetary policy, Inflation dynamics and pressures, Monetary policy framework and transmission
The Value of Mortgage Choice: Payment Structure and Contract Length Staff working paper 2026-2 Michael Boutros, Nuno Clara, Katya Kartashova We study household mortgage choice in a model with three mortgage contracts that differ in their payment structures: fixed-rate fixed-payment, variable-rate variable-payment, and a hybrid variable-rate fixed-payment mortgage where interest rate changes affect principal repayment rather than payment size. We calibrate the model to match mortgage choice patterns in Canada, where all these options are offered with short terms. We demonstrate that restricting contract choice or mandating long terms, as in the U.S. system, can lead to substantial welfare losses by limiting risk management strategies and increasing mortgage pricing ex-ante. Content Type(s): Staff research, Staff working papers Research Theme(s): Financial system, Financial institutions and intermediation, Household and business credit
March 2, 2026 Speech: Sharon Kozicki, Deputy Governor Norges Bank, Oslo Content Type(s): Upcoming events
March 2, 2026 CFEC Meeting (March 2, 2026) Content Type(s): Meetings Source(s): Canadian Foreign Exchange Committee
March 2, 2026 Speech by Sharon Kozicki, Deputy Governor of the Bank of Canada On Monday, March 2, 2026, Sharon Kozicki, Deputy Governor of the Bank of Canada, will speak at the Norges Bank Mandate Conference. Content Type(s): Press, Media advisories