June 19, 2013
Uncategorized
-
-
Business Cycle Effects of Credit Shocks in a DSGE Model with Firm Defaults
This paper proposes a theoretical framework to analyze the relationship between credit shocks, firm defaults and volatility, and to study the impact of credit shocks on business cycle dynamics. -
Booms and Busts in House Prices Explained by Constraints in Housing Supply
We study the importance of supply constraints in explaining the heterogeneity in house price cycles across geographies in the United States. -
Fire-Sale FDI or Business as Usual?
Using a new data set, we examine the characteristics and dynamics of cross-border mergers and acquisitions during emerging-market financial crises, that is, so-called “fire-sale FDI.” Our findings shed fresh light on whether the transactions undertaken during crisis periods differ in fundamental ways from those undertaken during more tranquil periods. -
June 7, 2013
Bank of Canada Announces Appointment of Special Adviser
The Bank of Canada today announced the appointment of Lynn Patterson as Special Adviser to the Governor. -
June 6, 2013
Opening Statement before the House of Commons Standing Committee on Finance
Bank of Canada Governor Stephen S. Poloz discusses the current economic context and how that is influencing the Bank’s work of delivering confidence. -
June 3, 2013
Coordinated Policies for Global Liquidity and Robust Growth
Deputy Governor Tim Lane discusses coordinated policies for global liquidity and growth. -
May 30, 2013
Quarterly Financial Report - First Quarter 2013
Quaterly Financial Report - First Quarter 2013 - For the period ended 31 May 2013 -
May 30, 2013
Research Update - May 2013
This monthly newsletter features the latest research publications by Bank of Canada economists including external publications and working papers published on the Bank of Canada’s website. -
Multivariate Tests of Mean-Variance Efficiency and Spanning with a Large Number of Assets and Time-Varying Covariances
We develop a finite-sample procedure to test for mean-variance efficiency and spanning without imposing any parametric assumptions on the distribution of model disturbances.