Zobrazeno 1 - 10
of 16
pro vyhledávání: '"Yaz Terajima"'
Publikováno v:
Journal of Monetary Economics. 118:366-380
Notre analyse demontre que le ratio monnaie-consommation augmente avec l’âge des menages et decroit avec la consommation, et que ce ratio a fortement augmente dans le contexte de tres bas taux d’interet des dernieres annees. Nous elaborons un mo
Autor:
Jin Cao, Valeriya Dinger, Tomás Gómez, Zuzana Gric, Martin Hodula, Alejandro Jara, Ragnar Juelsrud, Karolis Liaudinskas, Simona Malovaná, Yaz Terajima
Publikováno v:
Journal of Financial Stability. 65:101116
Publikováno v:
Canadian Public Policy. 44:81-99
This article analyzes the implications of the global financial cycle for conventional and unconventional monetary policies and macroprudential policy in small, open economies such as Canada's. The article starts by summarizing recent work on global f
Publikováno v:
Journal of Financial Intermediation. 22:639-662
Some evidence points to the procyclicality of leverage among financial institutions leading to aggregate volatility. This procyclicality occurs when financial institutions finance their assets with non-equity funding (i.e., debt financed asset expans
Publikováno v:
Bank of Canada Review. 2012:21-33
This article examines four indicators of balance-sheet risks—leverage, capital, asset liquidity and funding—among different types of financial institutions in Canada over the past three decades. It also discusses relevant developments in the bank
Autor:
Cesaire Meh, Yaz Terajima
Publikováno v:
Canadian Journal of Economics/Revue canadienne d'économique. 44:1369-1402
Les ameliorations dont pourraient beneficier les regimes de politique monetaire font actuellement l'objet d'un debat public dans les pays caracterises par un taux d'inflation bas et stable, comme les Etats-Unis et le Canada. Ainsi, le regime canadien
Autor:
Césaire A. Meh, Yaz Terajima
Publikováno v:
Canadian Journal of Economics. 44(4):1369-1402
This paper quantifies the redistributional effects of inflation in Canada that arise through the revaluation of nominal assets and liabilities. We find that the effects are non-trivial even for low inflation episodes. The main winners are young, midd
Publikováno v:
Journal of Monetary Economics. 57:637-652
consequently, have different redistributional properties which is what we explore in this paper. For Canada, which has a positive net asset position with respect to the rest of the world in Canadian dollar-denominated claims, we show that the magnitu
Publikováno v:
Bank of Canada Review. 2009:33-43
Many central banks around the world have embraced inflation targeting as a monetary policy framework. Interest is growing, however, in price-level targeting as an alternative. The choice of frameworks has important consequences for financial contract
Autor:
Césaire A. Meh, Yaz Terajima
Publikováno v:
Bank of Canada Review. 2009:45-52
One of the most important arguments in favour of price stability is that unexpected inflation generates changes in the distribution of income and wealth among different economic agents. These redistributions occur because many loans are specified in