Modelling Canadian mortgage debt and payments in a semi-structural model

Fares Bounajm and Austin McWhirter

No 2024-1, Staff Analytical Notes from Bank of Canada

Abstract: We show how Canadian mortgage debt dynamics can be modelled in a semi-structural macroeconomic model, such as the Bank of Canada’s LENS. The model we propose accounts for Canada’s unique mortgage debt structure.

Keywords: Economic models; Monetary policy transmission (search for similar items in EconPapers)
JEL-codes: E27 E43 E47 G51 (search for similar items in EconPapers)
Date: 2024-01
New Economics Papers: this item is included in nep-ban, nep-cba and nep-ure
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