Monetary Policy & Banking

— Oct 11, 2017
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Uninsured Mortgage Regulation: From Corporate Governance to Prescription

Uninsured Mortgage Regulation: From Corporate Governance to Prescription finds that requiring a stress test for Canadians who provide at least a 20 per cent down payment to purchase a home—a change proposed by the country’s financial regulator—is an unnecessary step that could negatively affect homebuyers across Canada and do more harm than good.

— Aug 17, 2017
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Interest Rates and Mortgage Borrowing Power in Canada

Interest Rates and Mortgage Borrowing Power in Canada finds that the ability of Canadians to borrow for a home has increased 126 per cent over the past two decades because of declining interest rates and rising incomes, likely driving up prices.

— Feb 24, 2016
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Impact of Higher Interest Rates on the Cost of Servicing Government Debt

The Impact of Higher Interest Rates on the Cost of Servicing Government Debt spotlights the interest rate risks faced by governments across the country using Ontario and Quebec—Canada’s two largest and most indebted provinces—as examples.  It finds that a higher than expected rise in interest rates could jeopardize provincial government promises of balanced budgets and surpluses.

— Feb 11, 2016
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Why Are Interest Rates So Low

Monetary policy is having less and less impact on interest rates in developed economies such as Canada because the demographic relationship between borrowers and savers has changed dramatically. Based on financial and demographic data for 29 developed countries, Why Are Interest Rates So Low? presents a ground-breaking new model of how interest rates are determined by focusing on changing demographics—not monetary policy.

— May 20, 2015
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A Longer-term Perspective on Canada's Household Debt

A Longer-term Perspective on Canada’s Household Debt written by Philip Cross, former chief economic analyst for Statistics Canada, spotlights the nature of household debt in Canada since the 1970s, looks at Canadians’ net worth levels and explores debt-to-income ratios in other countries. It finds that Canadians are managing their debt levels responsibly with no evident strain to their incomes or balance sheets.

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Monetary Policy & Banking Research Experts

  • Professor Emeritus of Economics, Simon Fraser University
  • Professor Emeritus of Economics, Simon Fraser University
  • President, Pacific Academy for Advanced Studies
  • Senior Fellow, Fraser Institute
  • Professor Emeritus in Economics, École nationale d'administration publique
  • Chairman, Fraser Institute Foundation & Founding Executive Director of the Fraser Institute