Exchange rates

• Exchange Rate Fluctuations and Labour Market Adjustments in Canadian Manufacturing Industries

  Staff Working Paper 2015-45 Gabriel Bruneau, Kevin Moran

  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.

  Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods, Exchange rate regimes, Exchange rates, Labour markets, Recent economic and financial developments JEL Code(s): E, E2, E24, F, F1, F14, F16, F3, F31, F4, F41, J, J2, J23
• October 27, 2015

  Inflation Targeting—A Matter of Time

  Remarks Timothy Lane CFA Society Atlantic Canada Halifax, Nova Scotia

  Deputy Governor Tim Lane discusses monetary policy decision making and how the Bank assesses the underlying trend in inflation.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Econometric and statistical methods, Exchange rates, Inflation and prices, Inflation targets, Monetary and financial indicators, Monetary policy framework

• An Update - Canadian Non-Energy Exports: Past Performance and Future Prospects

  Staff Discussion Paper 2015-10 André Binette, Daniel de Munnik, Julie Melanson

  In light of the fact that Canada was continuing to lose market share in the United States, Binette, de Munnik and Gouin-Bonenfant (2014) studied 31 Canadian non-energy export (NEX) categories to assess their individual performance.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Balance of payments and components, Exchange rates, International topics JEL Code(s): F, F1, F10, F14, F4, F43

• Exchange Rate Pass-Through to Consumer Prices: Theory and Recent Evidence

  Staff Discussion Paper 2015-9 Laurence Savoie-Chabot, Mikael Khan

  In an open economy such as Canada’s, exchange rate movements can have a material impact on consumer prices. This is particularly important in the current context, with the significant depreciation of the Canadian dollar vis-a-vis the U.S. dollar since late 2012.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Exchange rates, Inflation and prices JEL Code(s): E, E3, E31, E5, E52, F, F3, F31

• 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.

  Content Type(s): Staff research, Staff working papers Topic(s): Exchange rates, Inflation and prices, Market structure and pricing JEL Code(s): F, F3, F4

• A Wake-Up-Call Theory of Contagion

  Staff Working Paper 2015-14 Christoph Bertsch, Toni Ahnert

  We propose a novel theory of financial contagion. We study global coordination games of regime change in two regions with an initially uncertain correlation of regional fundamentals.

  Content Type(s): Staff research, Staff working papers Topic(s): Exchange rates, Financial stability, International financial markets JEL Code(s): D, D8, D82, F, F3, G, G0, G01