C5 - Econometric Modeling - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T01:42:23+00:00Global Trade Flows: Revisiting the Exchange Rate Elasticities
https://www.bankofcanada.ca/2017/09/staff-working-paper-2017-41/
This paper contributes to the debate on the magnitude of exchange rate elasticities by providing a set of price and quantity elasticities for 51 advanced and emerging-market economies. Specifically, for each of these countries we report the elasticity of trade prices and trade quantities on both the export and on the import sides, as well as the reaction of the trade balance.2017-09-29T13:16:42+00:00enGlobal Trade Flows: Revisiting the Exchange Rate Elasticities2017-09-29Exchange ratesInflation and pricesInternational topicsStaff Working Paper 2017-41https://www.bankofcanada.ca/wp-content/uploads/2017/09/swp2017-41.pdfGlobal Trade Flows: Revisiting the Exchange Rate ElasticitiesMatthieu BussièreGuillaume GaulierWalter SteingressSeptember 2017CC5C51FF1F14F3F31F33F4F41A Dynamic Factor Model for Commodity Prices
https://www.bankofcanada.ca/2017/09/staff-analytical-note-2017-12/
In this note, we present the Commodities Factor Model (CFM), a dynamic factor model for a large cross-section of energy and non-energy commodity prices. The model decomposes price changes in commodities into a common “global” component, a “block” component confined to subgroups of economically related commodities and an idiosyncratic price shock component.2017-09-25T17:44:19+00:00enA Dynamic Factor Model for Commodity Prices2017-09-25