F11 - Neoclassical Models of Trade - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T01:03:54+00:00On the Wedge Between the PPI and CPI Inflation Indicators
https://www.bankofcanada.ca/2022/01/staff-working-paper-2022-5/
We find that the CPI and PPI inflation indexes co-moved strongly throughout the late 20th century, but their correlation has fallen substantially since the early 2000s. We offer a structural explanation for this divergence based on the growth of global supply chains since 2000. This finding offers a unique perspective for the future design of optimal monetary policy.2022-01-26T13:08:07+00:00enOn the Wedge Between the PPI and CPI Inflation Indicators2022-01-26Inflation and pricesInflation targetsInternational topicsMonetary policyStaff Working Paper 2022-5https://www.bankofcanada.ca/wp-content/uploads/2022/01/swp2022-5.pdfOn the Wedge Between the PPI and CPI Inflation IndicatorsShang-Jin WeiYinxi XieJanuary 2022EE3E31E5E52E58FF1F11F12F4F41F6F62The Impact of a Trade War: Assessment of the Current Tariffs and Alternative Scenarios
https://www.bankofcanada.ca/2019/07/staff-analytical-note-2019-20/
This note uses Charbonneau and Landry’s (2018) framework to assess the direct impact of the current trade tensions on the Canadian and global economies, as well as possible implications if the conflict escalates further. Overall, my findings show that the estimated impact of current tariffs on real gross domestic product (GDP) remains relatively small, which is in line with the literature on gains from trade, but the impact on trade is much larger.2019-07-03T11:49:49+00:00enThe Impact of a Trade War: Assessment of the Current Tariffs and Alternative Scenarios2019-07-03Estimating the Effect of Exchange Rate Changes on Total Exports
https://www.bankofcanada.ca/2019/05/staff-working-paper-2019-17/
This paper shows that real effective exchange rate (REER) regressions, the standard approach for estimating the response of aggregate exports to exchange rate changes, imply biased estimates of the underlying elasticities. We provide a new aggregate regression specification that is consistent with bilateral trade flows micro-founded by the gravity equation.2019-05-03T08:34:29+00:00enEstimating the Effect of Exchange Rate Changes on Total Exports2019-05-03Econometric and statistical methodsExchange ratesInternational topicsStaff Working Paper 2019-17https://www.bankofcanada.ca/wp-content/uploads/2019/05/swp2019-17.pdfEstimating the Effect of Exchange Rate Changes on Total ExportsThierry MayerWalter SteingressMay 2019FF1F11F12F3F31F32The Trade War in Numbers
https://www.bankofcanada.ca/2018/11/staff-working-paper-2018-57/
We build upon new developments in the international trade literature to isolate and quantify the long-run economic impacts of tariff changes on the United States and the global economy.2018-11-28T14:26:20+00:00enThe Trade War in Numbers2018-11-28Recent economic and financial developmentsTrade integrationStaff Working Paper 2018-57https://www.bankofcanada.ca/wp-content/uploads/2018/11/swp2018-57.pdfThe Trade War in NumbersKaryne B. CharbonneauAnthony LandryNovember 2018FF1F11F13F14F15F5F50F6F62F68Estimating the Impacts of Tariff Changes: Two Illustrative Scenarios
https://www.bankofcanada.ca/2018/09/staff-analytical-note-2018-29/
We build upon new developments in the international trade literature to construct a quantitative Ricardian framework similar to Caliendo and Parro (2015) to isolate and estimate the long-run economic impacts of tariff changes.2018-09-05T14:41:24+00:00enEstimating the Impacts of Tariff Changes: Two Illustrative Scenarios2018-09-05Vertical Specialization and Gains from Trade
https://www.bankofcanada.ca/2017/04/staff-working-paper-2017-17/
Multi-stage production is widely recognized as an important feature of the modern global economy. This feature has been incorporated into many state-of-the-art quantitative trade models, and has been shown to deliver significant additional gains from international trade.2017-04-20T13:57:59+00:00enVertical Specialization and Gains from Trade2017-04-20Economic modelsInternational topicsTrade integrationStaff Working Paper 2017-17https://www.bankofcanada.ca/wp-content/uploads/2017/04/swp2017-17.pdfVertical Specialization and Gains from TradePatrick AlexanderApril 2017FF1F11F14F6F60Producer Heterogeneity, Value-Added, and International Trade
https://www.bankofcanada.ca/2016/12/staff-working-paper-2016-54/
Standard new trade models depict producers as heterogeneous in total factor productivity. In this paper, I adapt the Eaton and Kortum (2002) model of international trade to incorporate tradable intermediate goods and producer heterogeneity in value-added productivity.2016-12-08T13:55:18+00:00enProducer Heterogeneity, Value-Added, and International Trade2016-12-08Economic modelsInternational topicsProductivityTrade integrationStaff Working Paper 2016-54https://www.bankofcanada.ca/wp-content/uploads/2016/12/swp2016-54.pdfProducer Heterogeneity, Value-Added, and International TradePatrick AlexanderDecember 2016FF1F11F12F14Institutional Quality, Trade, and the Changing Distribution of World Income
https://www.bankofcanada.ca/2006/05/working-paper-2006-19/
Conventional wisdom holds that institutional changes and trade liberalization are two main sources of growth in per capita income around the world.2006-05-05T12:27:22+00:00enInstitutional Quality, Trade, and the Changing Distribution of World Income2006-05-05Development economicsInternational topicsWorking Paper 2006-19 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp06-19.pdfInstitutional Quality, Trade, and the Changing Distribution of World IncomeBrigitte DesrochesMichael FrancisMay 2006FF1F11F15OO1O11PP4P48