We develop a daily composite index of financial stress for the United Kingdom over 50
years, the UKFSI. The index includes market stress indicators based on their incremental …

We consider the effectiveness of stabilization policy when the zero lower bound (ZLB) is a
relevant constraint on conventional monetary policy by relaxing the assumption of rational …

This paper investigates nonlinear international financial stress spillovers on a small open
economy. The literature provides evidence that financial stress may amplify the effects of …

This paper assesses the usefulness of comprehensive payments data for macroeconomic
predictions in Canada. Specifically, we evaluate which type of payments data are useful …

What are the cross-border spillovers from major economies' quantitative easing policies to
their trading partners? We provide evidence by concentrating on spillovers from the US to …

This study improves on the methodology for calculating the financial stress index (FSI) for
Ukraine by introducing a time-varying correlation into the aggregation of five subindices …

Purpose This study explores the impact of financial distress on household vulnerability to
poverty in Canada. Previous studies primarily focus on assessing financial stress using one …

This paper selects indicators from the macro-risk surface and incorporates them in the time-
varying parameter factor augmented vector autoregression model to construct a financial …

This note presents a composite indicator of Canadian financial system vulnerabilities—the
Vulnerabilities Barometer. It aims to complement the Bank of Canada's vulnerabilities …

The paper explores the state–dependent effects of a monetary tightening on financial stress,
focusing on a novel dimension: the nature of supply versus demand inflation at the time of …