November 19, 2015
Financial stability, Financial system regulation and policies
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Monetary Policy and Financial Stability: Cross-Country Evidence
Central banks may face challenges in achieving their price stability goals when financial stability risks are present. There is, however, considerable heterogeneity among central banks with respect to how they manage these potential trade-offs. -
Credit Conditions and Consumption, House Prices and Debt: What Makes Canada Different?
There is widespread agreement that, in the United States, higher house prices raise consumption via collateral or possibly wealth effects. The presence of similar channels in Canada would have important implications for monetary policy transmission.