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This paper examines the relationship between aggregate consumer spending and credit availability in the United States. The author finds that consumer spending falls (rise[...]
2009 | Text | Staff Working Paper - Document de travail du personnel |
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2.
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The financial crisis of 2007–09 has highlighted the importance of developments in financial conditions for real economic activity. The authors estimate the effect of curr[...]
2009 | Text | Staff Discussion Paper - Document d’analyse du personnel |
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3.
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The authors investigate financial spillovers across countries with an emphasis on the effect of shocks to financial conditions in the United States on financial condition[...]
2011 | Text | Staff Discussion Paper - Document d’analyse du personnel |
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4.
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The author examines the global impact of U.S. fiscal policy using the Bank of Canada's Global Economy Model (Lalonde and Muir 2007). In particular, she examines the globa[...]
2008 | Text | Staff Discussion Paper - Document d’analyse du personnel |
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5.
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This paper examines the transmission of U.S. real and financial shocks to Canada and, in particular, the role of financial frictions in affecting the transmission of thes[...]
2010 | Text | Staff Working Paper - Document de travail du personnel |
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6.
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The authors use the Bank of Canada's version of the Global Economy Model, a multi-country, multi-sector dynamic stochastic general-equilibrium model with an active bankin[...]
2010 | Text | Staff Discussion Paper - Document d’analyse du personnel |
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7.
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This article investigates the stability of Okun's law for Canada and the United States using a time varying parameter approach. Time variation is modeled as driftless ran[...]
2010 | Text | Staff Working Paper - Document de travail du personnel |
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