Ben Tomlin

Director

Ben Tomlin is a Director in the Canadian Economic Analysis Department at the Bank of Canada. His primary research interests center on the analysis price adjustment, firm dynamics and productivity in open economies using large micro datasets. Specific topics include exchange rate pass-through and the use of structural models to examine the relationship between movements in exchange rates, plant turnover and productivity. Ben Tomlin received his PhD in economics from Boston University.

Contact

Ben Tomlin

Director
Canadian Economic Analysis
Canadian Economic Studies

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

Latest

Alternative Scenario to the October 2017 MPR Base-Case Projection: Higher Potential Growth

Staff Analytical Note 2017-18 Jing Yang, Ben Tomlin, Olivier Gervais
We construct an alternative scenario in which trend labour input and business investment are stronger than that expected in the Bank of Canada’s base-case projection in the October 2017 Monetary Policy Report.

April 2017 Annual Reassessment of Potential Output Growth in Canada

This note summarizes the Bank of Canada’s annual reassessment of potential output growth, conducted for the April 2017 Monetary Policy Report. Potential output growth is projected to increase from 1.3 per cent in 2017 to 1.6 per cent by 2020.
Content Type(s): Staff Research, Staff Analytical Notes Topic(s): Labour markets, Potential output, Productivity JEL Code(s): E, E0, E00, E2, E22, E23, E24, E3, E37, E6

Firm-Specific Shocks and Aggregate Fluctuations

Staff Working Paper 2016-51 Leonid Karasik, Danny Leung, Ben Tomlin
In order to understand what drives aggregate fluctuations, many macroeconomic models point to aggregate shocks and discount the contribution of firm-specific shocks. Recent research from other developed countries, however, has found that aggregate fluctuations are in part driven by idiosyncratic shocks to large firms.

On the Nexus of Monetary Policy and Financial Stability: Recent Developments and Research

Staff Discussion Paper 2015-7 Oleksiy Kryvtsov, Miguel Molico, Ben Tomlin
Because financial and macroeconomic conditions are tightly interconnected, financial stability considerations are an important element of any monetary policy framework. Yet, the circumstances under which it would be appropriate for the Bank to use monetary policy to lean against financial risks need to be more fully specified (Côté 2014).

Exchange Rate Pass-Through, Currency of Invoicing and Market Share

Staff Working Paper 2015-31 Michael Devereux, Wei Dong, Ben Tomlin
This paper investigates the impact of market structure on the joint determination of exchange rate pass-through and currency of invoicing in international trade. A novel feature of the study is the focus on market share of firms on both sides of the market—that is, exporting firms and importing firms.

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Refereed Journal

  • “Importers and Exporters in Exchange Rate Pass-Through and Currency Invoicing”
    (with Michael Devereux and Wei Dong), Journal of International Economics, 2017, Vol. 105, pp. 187-204.
  • “House Prices, Consumption and the Role of Non-Mortgage Debt”
    (with Katya Kartashova), Journal of Banking and Finance, 2017, Vol. 83, pp. 121-134.
  • "Pricing-to-Market, Currency Invoicing and Exchange Rate Pass-Through to Producer Prices"
    (with S. Cao and W. Dong), Journal of International Money and Finance, 2015, Vol. 58, pp. 128-149.
  • "Exchange Rate Movements and the Distribution of Productivity"
    (with L. Fung), Review of International Economics, 2015, Vol. 23, pp. 782-809.
  • "Exchange Rate Fluctuations, Plant Turnover and Productivity," International Journal of Industrial Organization, 2014, Vol. 35, pp. 12-28.

Other Publications

  • "Exchange Rate Pass-Through, Currency of Invoicing and Market Share"
    (with Michael Devereux and Wei Dong), NBER Working Paper No. 21413, July 2015.

Education

  • Ph.D., Boston University (2010)
  • M.Sc., London School of Economics (2002)
  • B.A. (Honours), Queen’s University (2001)

Research Interests

  • Industrial Organization
  • International Economics
  • Productivity
  • Applied Econometrics

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