Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/53768 
Autor:innen: 
Erscheinungsjahr: 
2009
Schriftenreihe/Nr.: 
Bank of Canada Working Paper No. 2009-18
Verlag: 
Bank of Canada, Ottawa
Zusammenfassung: 
The author constructs a formal analytic framework to simulate the impact of various economic shocks on the household debt-service ratio, using data from the Canadian Financial Monitor (CFM) survey. The impact of these shocks on individual households depends on the socio-economic characteristics of the latter. The framework also allows consideration of both symmetric and asymmetric shocks to incomes. The author's work is original in several respects: it captures the heterogeneity of the impact of these shocks on households, it uses cross-sectional data to estimate credit-growth equations, and it determines household credit growth based on income, interest rates, and housing prices. To illustrate the usefulness of his approach, the author provides income, debt, and interest rate scenarios, and then simulates his model over twelve periods. This methodology can, of course, be used with other microdata.
Schlagwörter: 
Econometric and statistical methods
Financial stability
JEL: 
C15
C31
D14
E51
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper
Erscheint in der Sammlung:

Datei(en):
Datei
Größe
156.85 kB





Publikationen in EconStor sind urheberrechtlich geschützt.