000	00000nam 2200000zi 4500
001	9.919011
003	CaOODSP
005	20230111133305
006	m     o  d f
007	cr |n|||||||||
008	230111t20222022oncd    ob   f|0| 0 eng d
040	|aCaOODSP|beng|erda|cCaOODSP
041	|aeng|beng|bfre
043	|an-cn---
086	1 |aFB3-5/2022-49E-PDF
100	1 |aChampagne, Julien, |eauthor.
245	10|aMonetary policy, credit constraints and SME employment / |cby Julien Champagne and Émilien Gouin-Bonenfant.
264	1|a[Ottawa] : |bBank of Canada = Banque du Canada, |c2022.
264	4|c©2022
300	|a1 online resource (ii, 42 pages) : |bcharts.
336	|atext|btxt|2rdacontent
337	|acomputer|bc|2rdamedia
338	|aonline resource|bcr|2rdacarrier
490	1 |aStaff working paper = Document de travail du personnel, |x1701-9397 ; |v2022-49
500	|a"Last updated: December 9, 2022."
504	|aIncludes bibliographical references (pages 34-36).
520	|a"Do financial constraints amplify or dampen the transmission of monetary policy to the real economy? To answer this question, we propose a simple empirical strategy that combines (i) firm-level employment and balance sheet data, (ii) identified monetary policy shocks and (iii) survey data on financing activities. The key novelty of our approach is a new proxy for the likelihood of being credit constrained, which is constructed using survey data on realized outcomes of financing requests"--Abstract.
546	|aIncludes abstract in French.
650	0|aMonetary policy.
650	0|aCredit control|xEconometric models.
650	6|aPolitique monétaire.
650	6|aCrédit|xPolitique gouvernementale|xModèles économétriques.
710	2 |aBank of Canada, |eissuing body.
830	#0|aStaff working paper (Bank of Canada)|v2022-49.|w(CaOODSP)9.806221
856	40|qPDF|s1.26 MB|uhttps://publications.gc.ca/collections/collection_2023/banque-bank-canada/FB3-5-2022-49-eng.pdf