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9109 Results

April 17, 2013

Monetary Policy Report - Press Conference (Video) - April 2013

Release of the Monetary Policy Report - (Videocast) Press conference by Governor Mark Carney and Senior Deputy Governor Tiff Macklem.

April 17, 2013

Monetary Policy Report - Press Conference (Audio) - April 2013

Release of the Monetary Policy Report - (Audiocast) Press conference by Governor Mark Carney and Senior Deputy Governor Tiff Macklem.

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.
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