Posts

• Non-Performing Loans, Fiscal Costs and Credit Expansion in China

  Staff Working Paper 2018-53 Huixin Bi, Yongquan Cao, Wei Dong

  This paper studies how the credit expansion policy pursued by the Chinese government in an effort to stimulate its economy in the post-crisis period affects bank–firm loan contracts and the macroeconomy. We build a structural model with financial frictions in which the optimal loan contract reflects the trade-off between leverage and the probability of default.

  Content Type(s): Staff research, Staff working papers Topic(s): Credit and credit aggregates, Fiscal policy, International topics JEL Code(s): E, E4, E44, E6, E62
• November 1, 2018

  Bank of Canada publishes staff economic projections for the first time

  Media Relations Ottawa, Ontario

  Today the Bank of Canada launched a digital database with more than 30 years of past staff economic projections of the Canadian economy.

  Content Type(s): Press, Press releases
• November 1, 2018

  2018 Bank of Canada Annual Conference: Inflation Targeting: Revisit! Revise it?

  Conference held on November 1 and 2, 2018.

  Content Type(s): Conferences and workshops