Similar Search Results

The effect of exchange rate movements on heterogeneous plants : a quantile regression analysis

Tomlin, Ben; Fung, Loretta - 2010

In this paper, we examine how the effect of movements in the real exchange rate on manufacturing plants depends on the plant's placement within the productivity distribution. Appreciations of the local currency expose domestic plants to more competition from abroad as export opportunities shrink...

Persistent link: https://www.econbiz.de/10008695482

What affects MFP in the long-run? : evidence from Canadian industries

Leung, Danny (contributor); Zheng, Isabel Yi (contributor) - 2008

KLEMS database for Canada. We estimate a dynamic heterogeneous panel error-correction model of twelve 2-digit level …

Persistent link: https://www.econbiz.de/10003641346

Markups in Canada : have they changed and why?

Leung, Danny (contributor) - 2008

Many empirical studies have examined the cyclical nature of the markup ratio. Until recently, few have attempted to ascertain the changes in the markup over a longer time horizon. These changes are of no less interest in view of the posited effects of increasing import competition and lower...

Persistent link: https://www.econbiz.de/10003711671

Demand for payment services and consumer welfare : the introduction of a central bank digital currency

Huynh, Kim P.; Molnar, Jozsef; Shcherbakov, Oleksandr; … - 2020 - Last updated: March 12, 2020

In recent years, there have been rapid technological innovations in retail payments. Such dramatic changes in the economics of payment systems have led to questions regarding whether there is consumer demand for cash. The entry of these new products and services has resulted in significant...

Persistent link: https://www.econbiz.de/10012178031

CBDC in the market for payments at the point of sale : equilibrium impact and incumbent responses

Engert, Walter; Shcherbakov, Oleksandr; Stenzel, André - 2024 - Last updated: December 20, 2024

We investigate the introduction of a central bank digital currency (CBDC) into the market for payments. Focusing on the point of sale, we develop and estimate a structural model of consumer adoption, merchant acceptance and usage decisions. We counterfactually simulate the introduction of a...

Persistent link: https://www.econbiz.de/10015187438

Financial stress, monetary policy, and economic activity

Li, Fuchun; St-Amant, Pierre - 2010

This paper examines empirically the impact of financial stress on the transmission of monetary policy shocks in Canada …

Persistent link: https://www.econbiz.de/10003981316

Estimating the structure of the payment network in the LVTS : an application of estimating communities in network data

Chapman, James; Zhang, Nellie - 2010

In the Canadian large value payment system an important goal is to understand how liquidity is transferred through the system and hence how efficient the system is in settling payments. Understanding the structure of the underlying network of relationships between participants in the payment...

Persistent link: https://www.econbiz.de/10003981323

Structural inflation models with real wage rigidities : the case of Canada

Dufour, Jean-Marie; Khalif, Lynda; Kichian, Maral - 2009

Real wage rigidities have recently been proposed as a way of building intrinsic persistence in inflation within the context of New Keynesian Phillips Curves. Using two recent illustrative structural models, we evaluate empirically the importance of real wage rigidities in the data and the extent...

Persistent link: https://www.econbiz.de/10003933276

Short changed? : the market's reaction to the short sale ban of 2008

Gagnon, Louis; Witmer, Jonathan - 2009

the trading volume from the U.S. to Canada among financial stocks during the ban. Both price and volume effects are …-sales restrictions (Miller (1977)). Our findings also imply that pessimistic investors were more preponderant in the U.S. than in Canada … Canada prior to the ban. -- Financial markets ; International topics …

Persistent link: https://www.econbiz.de/10003933290

Consumption, housing collateral, and the Canadian business cycle

Christensen, Ian; Corrigan, Paul; Mendicino, Caterina; … - 2009

Using Bayesian methods, we estimate a small open economy model in which consumers face limits to credit determined by the value of their housing stock. The purpose of this paper is to quantify the role of collateralized household debt in the Canadian business cycle. Our findings show that the...

Persistent link: https://www.econbiz.de/10003933334