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Real effects of price stability with endogenous nominal indexation

Meh, Césaire Assah; Quadrini, Vincenzo; Terajima, Yaz - 2009

economies with higher price-level uncertainty are less vulnerable to a price shock of a given magnitude, that is, aggregate …

Persistent link: https://www.econbiz.de/10003852858

International transmission of credit shocks in an equilibrium model with production heterogeneity

Imura, Yuko; Thomas, Julia K. - 2015

. This paper investigates the extent to which a credit shock in one country is transmitted to its trade partners. To this end … investment loans. We find that a negative credit shock to one country induces a sharp contraction in that country's economy …. The degree of credit-shock transmission depends on the home bias in international trade and the type of goods countries …

Persistent link: https://www.econbiz.de/10011280030

What are the macroeconomic effects of high-frequency uncertainty shocks

Ferrara, Laurent; Guérin, Pierre - 2016

This paper evaluates the effects of high-frequency uncertainty shocks on a set of lowfrequency macroeconomic variables that are representative of the U.S. economy. Rather than estimating models at the same common low-frequency, we use recently developed econometric models, which allows us to...

Persistent link: https://www.econbiz.de/10011476374

The welfare effects of protection : a general equilibrium analysis of Canada's national policy

Alexander, Patrick D.; Keay, Ian - 2017

In this paper, we study the impact of Canada's adoption of protectionist trade policy in 1879 on Canadian welfare. Under the National Policy the Canadian average weighted tariff increased from 14% to 21%. The conventional view is that this was a distortionary policy that negatively affected...

Persistent link: https://www.econbiz.de/10011646315

Bank leverage regulation and macroeconomic dynamics

Christensen, Ian; Meh, Césaire Assah; Moran, Kevin - 2011

stabilization after a technology shock depends on the size of the externality and on the conduct of the monetary authority. …

Persistent link: https://www.econbiz.de/10009728167

Tariffs and the exchange rate : evidence from Twitter

Matveev, Dmitry; Ruge-Murcia, Francisco - 2021 - Last updated: July 21, 2021

This paper examines the conjecture that an increase in tariffs in a flexible exchange rate regime leads to the appreciation of the local currency. We focus on the reaction of the exchange rate market to tweets by US President Donald Trump regarding possible tariff increases on Canadian and...

Persistent link: https://www.econbiz.de/10012591743

Exchange rate fluctuations and labour market adjustments in Canadian manufacturing industries

Bruneau, Gabriel; Moran, Kevin - 2015

We estimate the link between exchange rate fluctuations and the labour input of Canadian manufacturing industries. The analysis is based on a dynamic model of labour demand, and the econometric strategy employs a panel two-step approach for cointegrating regressions. Our data are drawn from a...

Persistent link: https://www.econbiz.de/10011408683

Global trade flows : revisiting the exchange rate elasticities

Bussière, Matthieu; Gaulier, Guillaume; Steingress, Walter - 2017

This paper contributes to the debate on the magnitude of exchange rate elasticities by providing a set of price and quantity elasticities for 51 advanced and emerging-market economies. Specifically, for each of these countries we report the elasticity of trade prices and trade quantities on both...

Persistent link: https://www.econbiz.de/10011777959

The evolution of Canada's global export market share

De Munnik, Daniel; Jacob, Jocelyn; Sze, Wesley - 2012

Following gains during the 1990s, Canada's global market share of goods exports has declined markedly in recent years. In this regard, the constant market share analysis framework is used to decompose changes in Canada's global market share into competitiveness and structural effects over the...

Persistent link: https://www.econbiz.de/10009627555

Exchange rates, retailers, and importing : theory and firm-level evidence

Alexander, Patrick; Chernoff, Alex - 2019

We develop a model with firm heterogeneity in importing and cross-border shopping among consumers. Exchange-rate appreciations lower the cost of imported goods, but also lead to more cross-border shopping; hence, the net impact on aggregate retail prices and sales is ambiguous. Using Canadian...

Persistent link: https://www.econbiz.de/10012061385