December 31, 2016 Summary of Government of Canada - Outstanding as at 31 December 2016 Content Type(s): Publications, Historical: Securities and loans
December 30, 2016 Weekly Financial Statistics - 30 December 2016 Content Type(s): Publications, Historical: Weekly Financial Statistics
Information Sharing and Bargaining in Buyer-Seller Networks Staff working paper 2016-63 Sofia Priazhkina, Frank H. Page This paper presents a model of strategic buyer-seller networks with information exchange between sellers. Prior to engaging in bargaining with buyers, sellers can share access to buyers for a negotiated transfer. We study how this information exchange affects overall market prices, volumes and welfare, given different initial market conditions and information sharing rules. Content Type(s): Staff research, Staff working papers JEL Code(s): C, C7, C71, C78, D, D2, D21, D4, D43, D8, D85, L, L1, L13 Research Theme(s): Financial markets and funds management, Market functioning, Market structure
Can the Common-Factor Hypothesis Explain the Observed Housing Wealth Effect? Staff working paper 2016-62 Narayan Bulusu, Jefferson Duarte, Carles Vergara-Alert The common-factor hypothesis is one possible explanation for the housing wealth effect. Under this hypothesis, house price appreciation is related to changes in consumption as long as the available proxies for the common driver of housing and non-housing demand are noisy and housing supply is not perfectly elastic. Content Type(s): Staff research, Staff working papers JEL Code(s): E, E2, E21, R, R3, R31 Research Theme(s): Financial system, Household and business credit, Models and tools, Economic models, Monetary policy, Real economy and forecasting
December 30, 2016 Research Update - December 2016 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. Content Type(s): Staff research, Research newsletters
December 29, 2016 Banking and Financial Statistics - December 2016 Content Type(s): Publications, Historical: Banking and Financial Statistics
What Fed Funds Futures Tell Us About Monetary Policy Uncertainty Staff working paper 2016-61 Jean-Sébastien Fontaine The uncertainty around future changes to the Federal Reserve target rate varies over time. In our results, the main driver of uncertainty is a “path” factor signaling information about future policy actions, which is filtered from federal funds futures data. Content Type(s): Staff research, Staff working papers JEL Code(s): E, E4, E43, E44, E47, G, G1, G12, G13 Research Theme(s): Financial markets and funds management, Market functioning, Financial system, Financial stability and systemic risk, Monetary policy, Monetary policy framework and transmission
December 23, 2016 Weekly Financial Statistics - 23 December 2016 Content Type(s): Publications, Historical: Weekly Financial Statistics