Trade integration

• September 18, 2017

  How Canada’s International Trade is Changing with the Times

  Remarks Timothy Lane Saskatoon Regional Economic Development Authority Saskatoon, Saskatchewan

  Deputy Governor Timothy Lane discusses the changing nature of international trade and the factors that are propelling it.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Business fluctuations and cycles, International topics, Productivity, Recent economic and financial developments, Trade integration

• The Welfare Effects of Protection: A General Equilibrium Analysis of Canada’s National Policy

  Staff Working Paper 2017-18 Patrick Alexander, Ian Keay

  In this paper, we study the impact of Canada’s adoption of protectionist trade policy in 1879 on Canadian welfare. Under the National Policy the Canadian average weighted tariff increased from 14% to 21%. The conventional view is that this was a distortionary policy that negatively affected Canadian welfare.

  Content Type(s): Staff research, Staff working papers Topic(s): Economic models, International topics, Trade integration JEL Code(s): F, F1, F13, F14, F4, F42, F6, F60, N, N7, N71
• May 4, 2017

  Canada and Mexico: Common Issues in Uncommon Times

  Remarks Stephen S. Poloz CanCham México and Club de Industriales Mexico City, Mexico

  Governor Stephen S. Poloz discusses how shared economic traits leave Canada and Mexico well placed to face global challenges.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Inflation targets, Interest rates, Monetary policy, Monetary policy and uncertainty, Recent economic and financial developments, Trade integration

• Vertical Specialization and Gains from Trade

  Staff Working Paper 2017-17 Patrick Alexander

  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.

  Content Type(s): Staff research, Staff working papers Topic(s): Economic models, International topics, Trade integration JEL Code(s): F, F1, F11, F14, F6, F60

• 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.

  Content Type(s): Staff research, Staff working papers Topic(s): Exchange rates, International financial markets, Trade integration JEL Code(s): F, F3
• March 28, 2017

  Canada at 150: It Takes a World to Raise a Nation

  Remarks Stephen S. Poloz 50th Anniversary of Durham College Oshawa, Ontario

  Governor Stephen S. Poloz shows how Canada’s economic progress has been driven by its historic preference for openness to immigration, investment and trade.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Exchange rate regimes, International financial markets, Productivity, Trade integration