"BC's Coastal Forest Industry: Challenges and Opportunities"
The Global Financial Crisis showed that interactions between credit conditions, asset prices and real economic variables can play a crucial role in determining economic outcomes. Unfortunately, existing macroeconomic models were not very helpful in guiding policies at the time of the crisis as they allowed for too few real and financial linkages. Recent staff research published at the Bank of Canada develops a model that can capture these real financial linkages in the household sector. The authors explore the important roles that credit conditions and interest rates are playing in driving house prices, mortgage debt and consumption in Canada.
Bank of Canada
Date and Time:
March 16, 2016
12:00 PM – 1:30 PM