Anthony Landry

Senior Research Advisor

Anthony Landry is a Senior Research Advisor at the Bank of Canada and an Adjunct Associate Professor of Finance at the Wharton Business School of the University of Pennsylvania. Prior to joining the Bank, Landry was an Economic Policy Advisor and Senior Economist in the Research Department of the Federal Reserve Bank of Dallas.

Landry is an expert in macroeconomics, international finance, and international trade and investment. His research articles have appeared in many academic journals, including the American Economic Review and the Journal of International Economics. He received his PhD in economics from Boston University in 2007.

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Anthony Landry

Senior Research Advisor
Canadian Economic Analysis
Strategic Leadership and Support

Bank of Canada
234 Wellington Street
Ottawa, ON, K1A 0G9

Curriculum vitae

Latest

Accounting for Real Exchange Rates Using Micro‐Data

Staff Working Paper 2017-12 Mario J. Crucini, Anthony Landry
The classical dichotomy predicts that all of the time-series variance in the aggregate real exchange rate is accounted for by non-traded goods in the consumer price index (CPI) basket because traded goods obey the Law of One Price. In stark contrast, Engel (1999) claimed the opposite: that traded goods accounted for all of the variance.

On What States Do Prices Depend? Answers from Ecuador

Staff Working Paper 2016-43 Craig Benedict, Mario J. Crucini, Anthony Landry
In this paper, we argue that differences in the cost structures across sectors play an important role in firms’ decisions to adjust their prices. We develop a menu-cost model of pricing in which retail firms intermediate trade between producers and consumers.

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Other

  • "Borders and Big Macs," Economics Letters, vol. 120, pp. 318-322, August 2013
  • "Economic Rebounds in U.S. and Euro Zone: Deceivingly Similar, Strikingly Different,"
    (with Carlos Zarazaga), Economic Letter, Federal Reserve Bank of Dallas, vol.7(3), February 2012
  • "How the U.S. Tax System Stacks Up against other G-7 Economies," Economic Letter, Federal Reserve Bank of Dallas, vol. 6(12), November 2011
  • "The Globalization of Ideas," Economic Letter, Federal Reserve Bank of Dallas, vol. 5(11), November 2010
  • "State-Dependent Pricing, Local-Currency Pricing, and Exchange Rate Pass-Through," Journal of Economic Dynamics and Control, vol. 34(10), pp. 1859-1871, October 2010
  • "The Quantitative Role of Capital-Goods Imports in U.S. Growth,"
    (with Michele Cavallo), American Economic Review, vol. 100(2), pp. 78-82, May 2010
  • "Expectations and Exchange Rate Dynamics: a State-Dependent Pricing Approach," Journal of International Economics, vol. 78(1), pp. 60-71, June 2009
  • "The Big Mac: a Global-to-Local look at Pricing," Economic Letter, Federal Reserve Bank of Dallas, vol. 3(9), September 2008. Recommended for further reading by the Journal of Economic Perspectives vol. 23(1), Winter 2009

Education

  • Ph.D. in Economics, Boston University, 2007
  • M.A. in Economics, McGill University, 2000
  • B. Business Administration, Université Laval, 1998

Research Interests

  • Macroeconomics
  • International Finance
  • International Trade and Investment

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