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Addressing Household Indebtedness: Monetary, Fiscal or Macroprudential Policy?

Staff Working Paper 2014-58 Sami Alpanda, Sarah Zubairy
In this paper, we build a dynamic stochastic general-equilibrium model with housing and household debt, and compare the effectiveness of monetary policy, housing-related fiscal policy, and macroprudential regulations in reducing household indebtedness.

Geoffrey R. Dunbar

Geoffrey Dunbar
Geoffrey Dunbar is a Senior Research Advisor in the International Economic Analysis Department at the Bank of Canada.

Christopher Hajzler

Christopher Hajzler
Christopher Hajzler is the director of the Canadian Economic Studies Division at the Bank of Canada.
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