House Prices, Consumption and the Role of Non-Mortgage Debt Staff Working Paper 2013-2 Katya Kartashova, Ben Tomlin This paper examines the relationship between house prices and consumption, through the use of debt. Using unique Canadian household-level data that reports the uses of debt, we begin by looking at the relationship between house prices and debt. Content Type(s): Staff research, Staff working papers Topic(s): Credit and credit aggregates, Domestic demand and components JEL Code(s): D, D1, D10, D14, D3, D31, E, E2, E21
The Cyclicality of Sales, Regular and Effective Prices: Business Cycle and Policy Implications Staff Working Paper 2013-1 Olivier Coibion, Yuriy Gorodnichenko, Gee Hee Hong We study the cyclical properties of sales, regular price changes and average prices paid by consumers (“effective” prices) using data on prices and quantities sold for numerous retailers across many U.S. metropolitan areas. Content Type(s): Staff research, Staff working papers Topic(s): Inflation and prices, Monetary policy framework, Monetary policy transmission JEL Code(s): E, E3, E4, E5
January 4, 2013 Weekly Financial Statistics - 4 January 2013 Content Type(s): Publications, Historical: Weekly Financial Statistics
December 31, 2012 Summary of Government of Canada - Outstanding as at 31 December 2012 Content Type(s): Publications, Historical: Securities and loans
December 28, 2012 Weekly Financial Statistics - 28 December 2012 Content Type(s): Publications, Historical: Weekly Financial Statistics
December 27, 2012 Banking and Financial Statistics - December 2012 Content Type(s): Publications, Historical: Banking and Financial Statistics
December 21, 2012 Weekly Financial Statistics - 21 December 2012 Content Type(s): Publications, Historical: Weekly Financial Statistics
December 21, 2012 Results of the 21 December 2012 Term Repo Operation for Balance Sheet Management Purposes Results of today's term repo for balance sheet management purposes operation. Content Type(s): Press, Market notices
How Important Are Liquidity Constraints for Canadian Households? Evidence from Micro-Data Staff Discussion Paper 2012-9 Umar Faruqui, Samah Torchani Using a unique micro-dataset containing real and financial information on Canadian households for 2000–07, the authors address two questions: (1) What is the proportion of households whose consumption displays excess sensitivity to income, and who are likely liquidity constrained? Content Type(s): Staff research, Staff discussion papers Topic(s): Economic models, Sectoral balance sheet JEL Code(s): C, C3, C35, D, D1, D12, D3, D30
Extracting Information from the Business Outlook Survey Using Statistical Approaches Staff Discussion Paper 2012-8 Lise Pichette Since the autumn of 1997, the regional offices of the Bank of Canada have conducted quarterly consultations with businesses across Canada. These consultations, summarized in the Business Outlook Survey (BOS), are structured around a survey questionnaire that covers topics of importance to the Bank, notably business activity, pressures on production capacity, prices and inflation, and credit conditions. Content Type(s): Staff research, Staff discussion papers Topic(s): Business fluctuations and cycles, Regional economic developments JEL Code(s): C, C4, C43, C8, C82, E, E3, E37