With Great Power Comes Great Responsibility: Macroprudential Tools at Work in Canada

With Great Power Comes Great Responsibility: Macroprudential Tools at Work in Canada
The goal of this paper is to assess the effectiveness of the policy measures taken by Canadian authorities to address the housing boom. We find that the the last three rounds of macroprudential policies implemented since 2010 were associated with lower mortgage credit growth and house price growth. The international experience suggests that—in READ MORE...

Publication date: May 2014
ISBN 9781484383445
$18.00

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