Staff research, Publications
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Countercyclical Bank Capital Requirement and Optimized Monetary Policy Rules
Using BoC-GEM-Fin, a large-scale DSGE model with real, nominal and financial frictions featuring a banking sector, we explore the macroeconomic implications of various types of countercyclical bank capital regulations. Results suggest that countercyclical capital requirements have a significant stabilizing effect on key macroeconomic variables, but mostly after financial shocks. -
April 8, 2013
Business Outlook Survey - Spring 2013
Taken together, responses to the spring survey indicate that, following a recent slowing in economic activity, firms expect business conditions to remain challenging over the next 12 months. -
April 8, 2013
Senior Loan Officer Survey - First-Quarter 2013
The survey results point to a slight easing in overall business-lending conditions during the first quarter of 2013. -
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