1.
When financial contracts are not fully enforceable and firms observe their own nominal sales before the observation of the aggregate nominal price, the optimal financial [...]
2024 | Journal Article | Peer-Reviewed Publications - Publications à comité de lecture |
2.
Supplementary data for peer-reviewed article published in the Journal of the European Economic Association. Paper posted online May 12, 2023. When citing this dataset, pl[...]
2023 | Dataset | Reproducibility Package - Ensemble de données pour la reproductibilité des résultats de recherche |
3.
We explore the impact of low and negative monetary policy rates in core world economies on bank lending in four small open economies – Canada, Chile, the Czech Republic a[...]
2023 | Journal Article | Peer-Reviewed Publications - Publications à comité de lecture |
4.
The money-consumption ratio increases with age and decreases with consumption, and the recent era of low interest rates has seen a large increase in the aggregate money-c[...]
2021 | Journal Article | Peer-Reviewed Publications - Publications à comité de lecture |
5.
This article analyzes the implications of the global financial cycle for conventional and unconventional monetary policies and macroprudential policy in small, open econo[...]
2018 | Journal Article | Peer-Reviewed Publications - Publications à comité de lecture |
6.
The authors document leverage, capital and liquidity ratios of banks in Canada. These ratios are important indicators of different types of risk with respect to a bank’s [...]
2012 | Text | Staff Discussion Paper - Document d’analyse du personnel |
7.
Some evidence points to the procyclicality of leverage among financial institutions leading to aggregate volatility. This procyclicality occurs when financial institution[...]
2010 | Text | Staff Working Paper - Document de travail du personnel |
8.
This paper studies the capital accumulation and welfare implications of reducing capital income taxation in a general equilibrium economy with uninsurable investment risk[...]
2009 | Text | Staff Working Paper - Document de travail du personnel |
9.
We study a model with repeated moral hazard where financial contracts are not fully indexed to inflation because nominal prices are observed with delay as in Jovanovic &a[...]
2009 | Text | Staff Working Paper - Document de travail du personnel |
10.
The authors use microdata from the 1999 and 2005 Surveys of Financial Security to identify changes in household debt, and discuss their potential implications for monetar[...]
2009 | Text | Staff Discussion Paper - Document d’analyse du personnel |