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Canadian immigrants at the time of immigration fall short of the earnings of comparable Canadian-born individuals, and (2 … recent changes in Canadian immigration policy, labor market discrimination against visible minorities, and the prolonged …
Persistent link: https://www.econbiz.de/10013234373
Over 12 million persons migrated to Canada or the United States between 1959 and 1981. Beginning in the mid?1960s, the … immigration policies of the two countries began to diverge considerably: the United States stressing family reunification and … Canada stressing skills. This paper shows that the point system used by Canada generated, on average, a more skilled …
Persistent link: https://www.econbiz.de/10013249161
This paper investigates whether oil prices have a reliable and stable out-of-sample relationship with the Canadian/U.S dollar nominal exchange rate. Despite state-of-the-art methodologies, we find little systematic relation between oil prices and the exchange rate at the monthly and quarterly...
Persistent link: https://www.econbiz.de/10013107723
policies of an actual central bank, the Bank of Canada. Finally, the paper considers the role of fiscal policy in an open …
Persistent link: https://www.econbiz.de/10013157763
This paper revisits Canada's pioneering experience with floating exchange rate over the period 1950-1962. It examines … whether the floating rate was the best option for Canada in the 1950s by developing and estimating a New Keynesian small open … that monetary policy was more volatile in the post-1957 period and Canada's macroeconomic performance suffered as a result …
Persistent link: https://www.econbiz.de/10012759691
The paper characterizes predictable components in excess rates of returns on major equity and foreign exchange markets using lagged excess returns, dividend yields, and forward premiums as instruments. Vector autoregressive techniques demonstrate one-step-ahead predictability and provide implied...
Persistent link: https://www.econbiz.de/10012767709
Using highly-disaggregated transaction-level trade data, we document the importance of new firm-level trade partner relationships and the addition of new products to existing relationships in driving long-run import flows. Moreover, we find that these margins are sensitive to movements in the...
Persistent link: https://www.econbiz.de/10012862055
In this study, the authors examine three aspects of the Canadian experience with flexible exchange rates in the 1970s: the movements in the Canadian dollar-U.S. dollar exchange rate, the sharp growth of external borrowings by Canadians in the 1974-76 period, and the real effects of relative...
Persistent link: https://www.econbiz.de/10013223001
In the new situation with flexible exchange rates, monetary policy in Europe will have to rely more on indicators than previously under fixed rates. One of the potential indicators, the forward interest rate curve, can be used to indicate market expectations of the time-paths of future short...
Persistent link: https://www.econbiz.de/10013214576
We present a model that shows that exchange rate pass-through is likely to be substantially altered when firms face antidumping (AD) duties and that optimal pass-through of AD duties may be up to 200 percent. We examine both pass-through issues using monthly prices across 345 U.S.- imported...
Persistent link: https://www.econbiz.de/10013214588