| 000 | 00000cam 2200000zi 4500 |
| 001 | 9.965209 |
|---|
| 003 | CaOODSP |
|---|
| 005 | 20260814143454 |
|---|
| 006 | m o d f |
|---|
| 007 | cr |n||||||||| |
|---|
| 008 | 260814e20260724oncd ob f|0| 0 eng d |
|---|
| 040 | |aCaOODSP|beng|erda|cCaOODSP |
|---|
| 043 | |an-cn--- |
|---|
| 086 | 1 |aFB3-5/2026-28E-PDF |
|---|
| 100 | 1 |aDahlhaus, Tatjana, |eauthor. |
|---|
| 245 | 10|aBalancing act : |bmonetary policy responses to natural disasters / |cTatjana Dahlhaus, Alexander Ueberfeldt, Malik Shukayev. |
|---|
| 264 | 1|a[Ottawa] : |bBank of Canada = Banque du Canada, |cJuly 24, 2026. |
|---|
| 264 | 4|c©2026 |
|---|
| 300 | |a1 online resource ([i], 43 pages) : |bcharts. |
|---|
| 336 | |atext|btxt|2rdacontent |
|---|
| 337 | |acomputer|bc|2rdamedia |
|---|
| 338 | |aonline resource|bcr|2rdacarrier |
|---|
| 490 | 1 |aStaff working paper = |aDocument de travail du personnel, |x1701-9397 ; |v2026-28 |
|---|
| 500 | |aCover title. |
|---|
| 504 | |aIncludes bibliographical references. |
|---|
| 520 | |a"Natural disasters pose complex challenges for monetary policy in resource-rich small open economies. Using an open-economy dynamic stochastic general equilibrium model calibrated to Canada, we embed stochastic disaster shocks affecting capital, productivity, and the commodity sector. Drawing on detailed historical data, we quantify disaster-specific transmission channels and show that most disasters act as supply shocks, reducing output and modestly raising inflation. The magnitude and persistence of these effects depend on disaster type, sectoral exposure, and spillovers through global trade and terms-of-trade channels. The framework provides a forward-looking assessment of climate-related risks and their implications for monetary policy"--Abstract, page [i]. |
|---|
| 650 | 0|aMonetary policy|zCanada. |
|---|
| 650 | 0|aNatural disasters|xEconomic aspects|zCanada. |
|---|
| 650 | 0|aClimatic changes|xEconomic aspects|zCanada. |
|---|
| 650 | 0|aStochastic analysis. |
|---|
| 650 | 6|aPolitique moneĢtaire|zCanada. |
|---|
| 650 | 6|aCatastrophes naturelles|xAspect économique|zCanada. |
|---|
| 650 | 6|aClimat|xChangements|xAspect économique|zCanada. |
|---|
| 650 | 6|aAnalyse stochastique. |
|---|
| 710 | 2 |aBank of Canada, |eissuing body. |
|---|
| 830 | #0|aStaff working paper (Bank of Canada)|x1701-9397 ; |v2026-28.|w(CaOODSP)9.806221 |
|---|
| 856 | 40|qPDF|s4.51 MB|uhttps://publications.gc.ca/collections/collection_2026/banque-bank-canada/FB3-5-2026-28-eng.pdf |
|---|