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001 | 9.902748 |
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003 | CaOODSP |
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005 | 20240829103637 |
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006 | m o d f |
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007 | cr |n||||||||| |
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008 | 210820t20212021oncd ob f|0| 0 eng d |
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040 | |aCaOODSP|beng|erda|cCaOODSP |
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043 | |an-cn--- |
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086 | 1 |aFB3-5/2021-13E-PDF |
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100 | 1 |aAllen, Jason, |eauthor. |
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245 | 10|aDebt relief programs and money left on the table : |bevidence from Canada's response to COVID-19 / |cby Jason Allen, Robert Clark, Shaoteng Li and Nicolas Vincent. |
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264 | 1|aOttawa, Ontario, Canada : |bBank of Canada = Banque du Canada, |c2021. |
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264 | 4|c©2021 |
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300 | |a1 online resource (ii, 50 pages) : |bcharts. |
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336 | |atext|btxt|2rdacontent |
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337 | |acomputer|bc|2rdamedia |
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338 | |aonline resource|bcr|2rdacarrier |
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490 | 1 |aStaff working paper = |aDocument de travail du personnel, |x1701-9397 ; |v2021-13 |
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500 | |a"Last updated: March 15, 2021." |
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504 | |aIncludes bibliographical references (pages 42-44). |
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520 | |a"This paper analyzes the effectiveness of debt-relief programs targeting short-run household liquidity constraints implemented in Canada in response to the COVID-19 pandemic. These programs allowed individuals to push off mortgage and credit card payments and cut in half interest rates on credit card debt. Using credit bureau data, we document that, despite potential savings above $4 billion, enrollment was limited: 24% for mortgages and 7% for credit cards. By exploiting the richness of our data set, we provide evidence that close to 80% of individuals were unaware of the credit card relief program while others faced important fixed non monetary costs preventing uptake"--Abstract, page ii. |
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650 | 0|aDebt relief|zCanada. |
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650 | 0|aCOVID-19 Pandemic, 2020-|xEconomic aspects|zCanada. |
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650 | 6|aDettes|xAllègement|zCanada. |
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650 | 6|aPandémie de COVID-19, 2020-|xAspect économique|zCanada. |
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710 | 2 |aBank of Canada, |eissuing body. |
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830 | #0|aStaff working paper (Bank of Canada)|v2021-13.|w(CaOODSP)9.806221 |
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856 | 40|qPDF|s849 KB|uhttps://publications.gc.ca/collections/collection_2021/banque-bank-canada/FB3-5-2021-13-eng.pdf |
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