Showing 1 - 7 of 7
Persistent link: https://www.econbiz.de/10010512515
This is a replication of Mayshar et al. (2022) (henceforth MMP).1 The article posits that the state (defined as societal hierarchy such as tax-levying elites) originated from cultivation of appropriable cereal grains, contrary to the conventional theory that the state originated from increased...
Persistent link: https://www.econbiz.de/10014433509
This paper examines how monetary and macroprudential policies interact and possibly complement each other in achieving their respective price and financial stability objectives. We first review the Canadian experience of housing market cycles and highlight the need to coordinate the two sets of...
Persistent link: https://www.econbiz.de/10015163673
Persistent link: https://www.econbiz.de/10011877627
We propose a novel framework to analyze how policy-makers can manage risks to the median projection and risks specific to the tail of gross domestic product (GDP) growth. By combining a quantile regression of GDP growth with a vector autoregression, we show that monetary and macroprudential...
Persistent link: https://www.econbiz.de/10012154134
I construct a new composite measure of systemic financial market stress for Canada. Compared with existing measures, it better captures the 1990 housing market correction and more accurately reflects the absence of diversification opportunities during systemic events. The index can be used for...
Persistent link: https://www.econbiz.de/10012229875
This is a replication of Mayshar et al. (2022) (henceforth MMP).1 The article posits that the state (defined as societal hierarchy such as tax-levying elites) originated from cultivation of appropriable cereal grains, contrary to the conventional theory that the state originated from increased...
Persistent link: https://www.econbiz.de/10014439879