7 Works

Debt-Relief Programs and Money Left on the Table: Evidence from Canada's Response to COVID-19

Jason Allen, Robert Clark, Shaoteng Li & Nicolas Vincent
During the COVID-19 pandemic, Canadian financial institutions offered debt-relief programs to help borrowers cope with job losses and economic insecurity. We consider the low take-up rates for these programs and suggest that to be effective, such programs must be visible and easy to use.

The impact of Covid-19 on unethical practices in global supply chains

Fergus Dowling, Mark Sumner, Matthew Davis & Hinrich Voss
As a result of the disruptions caused by Covid-19, this research aims to understand the current state of global textile supply chains, and what impacts the pandemic has caused to the risks of modern slavery and labour exploitation. By taking a wide scope of literature and surveys from multiple stakeholders including: industry, governmental, international, business membership, and non-governmental organisations, we hoped to gain a broad understanding of the current issues. Our objectives were to assess...

La fiabilité des estimations de l'écart de production au Canada

Cayen Jean-Philippe & Simon van Norden
Dans cette étude, nous mesurons, à l'aide de données canadiennes, l'ampleur des révisions apportées aux estimations en temps réel de l'écart de production obtenues avec diverses techniques d'estimations univariées et multivariées. Nous effectuons aussi une évaluation empirique de l'utilité des estimations faites de l'écart de production pour prévoir l'inflation. Nos résultats montrent que, quelle que soit la technique d'estimation utilisée, l'écart-type des révisions est d'un ordre de grandeur similaire à celui des estimations de l'écart...

Market Structure and the Diffusion of E-Commerce: Evidence from the Retail Banking Industry

Jason Allen, Robert Clark & Jean-François Houde
This paper studies the role that market structure plays in affecting the diffusion of electronic banking. Electronic banking (and electronic commerce more generally) reduces the cost of performing many types of transactions for firms. The full benefits for firms from adoption, however, only accrue once consumers begin to perform a significant share of their transactions online. Since there are learning costs to adopting the new technology firms may try to encourage consumers to go online...

Discounting in Mortgage Markets

Jason Allen, Robert Clark & Jean-François Houde
This paper studies discounting in mortgage markets. Using transaction-level data on Canadian mortgages, we document that over time there's been an increase in the average discount, along with substantial dispersion. The standard explanation for dispersion in credit markets is that lenders engage in risk-based pricing. Our setting is unique since contracts are guaranteed by government-backed insurance, meaning risk cannot be the main driver of dispersion. We find that mortgage rates depend on individual, contractual, and...

The Impact of Bankruptcy Reform on Insolvency Choice and Consumer Credit

Jason Allen & Kiana Basiri
We examine the impact of the 2009 amendments to the Canadian Bankruptcy and Insolvency Act on insolvency decisions. Rule changes steered debtors out of division I proposals and into the more cost-effective division II proposals. This also led to a significant substitution out of bankruptcies and into proposals. Using credit bureau data on credit card limits we test, but do not find, any evidence that this substitution into more creditor-friendly insolvencies had any impact on...

Filtering for Current Analysis

Simon van Norden
This paper shows how existing band-pass filtering techniques and their extension can be applied to the common current-analysis problem of estimating current trends or cycles. These techniques give estimates that are "optimal" given the available data, so their standard errors represent a lower bound on what can be achieved with other univariate techniques. Applications to the problems of estimating current trend productivity growth, core inflation, and output gaps are considered.

Registration Year

  • 2021

Resource Types

  • Text


  • HEC Montréal
  • Bank of Canada
  • Center for Interuniversity Research and Analysis on Organizations
  • University of Wisconsin–Madison
  • University of Leeds
  • Queen's University