R38 - Government Policy; Regulatory Policy

• Addressing Household Indebtedness: Monetary, Fiscal or Macroprudential Policy?

  Staff Working Paper 2014-58 Sami Alpanda, Sarah Zubairy

  In this paper, we build a dynamic stochastic general-equilibrium model with housing and household debt, and compare the effectiveness of monetary policy, housing-related fiscal policy, and macroprudential regulations in reducing household indebtedness.

  Content Type(s): Staff Research, Staff Working Papers Topic(s): Economic models, Financial system regulation and policies, Housing, Transmission of monetary policy JEL Code(s): E, E5, E52, E6, E62, R, R3, R38

• November 4, 2014 Housing Finance in Canada: Looking Back to Move Forward

  Lawrence Schembri

  The Canadian system of housing finance proved to be resilient and efficient during the global financial crisis and its aftermath. The system’s effectiveness is the result of a rigorous prudential regulatory and supervisory regime coupled with targeted government guarantees of mortgage insurance and securitization products.

  Topic(s): Housing JEL Code(s): G21, R31, R38

• Housing and Tax Policy

  Staff Working Paper 2013-33 Sami Alpanda, Sarah Zubairy

  In this paper, we investigate the effects of housing-related tax policy measures on macroeconomic aggregates using a dynamic general-equilibrium model.

  Content Type(s): Staff Research, Staff Working Papers Topic(s): Economic models, Fiscal Policy, Housing JEL Code(s): E, E6, E62, H, H2, H24, R, R3, R38