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This paper examines the relationship between house prices and consumption, through the use of debt. Using unique Canadian household-level data that reports the uses of de[...]
2013 | Text | Staff Working Paper - Document de travail du personnel |
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2.
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Since the work of Doepke and Schneider (2006a) and Meh and Terajima (2008), we know that inflation causes major redistribution of wealth – between households and the gove[...]
2008 | Text | Staff Working Paper - Document de travail du personnel |
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3.
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There is currently a policy debate on potential refinements to monetary policy regimes in countries with low and stable inflation such as the U.S. and Canada. For example[...]
2008 | Text | Staff Working Paper - Document de travail du personnel |
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4.
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In this paper we develop a quantitative model of entrepreneurial activity (risk-taking) and consumer bankruptcy choices and use the model to study the effects of bankrupt[...]
2008 | Text | Staff Working Paper - Document de travail du personnel |
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The author quantitatively studies the interaction between education and occupation choices and its implication for the relationship between the changes in earnings inequa[...]
2006 | Text | Staff Working Paper - Document de travail du personnel |
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The authors study a general-equilibrium economy in which agents have the ability to invest in a risky technology. The investment risk cannot be fully insured with optimal[...]
2004 | Text | Staff Working Paper - Document de travail du personnel |
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This paper describes the positive effect that corporate income tax has on capital formation in the presence of liquidity constraints and uninsurable risk. The author uses[...]
2002 | Text | Staff Working Paper - Document de travail du personnel |
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This paper confirms the conjecture that the evaluation of tax policy leads to very different conclusions once the role of entrepreneurs is considered. Contrary to previou[...]
2002 | Text | Staff Working Paper - Document de travail du personnel |
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