International topics - Bank of Canada
https://www.bankofcanada.ca/rss-feeds/
Bank of Canada RSS Feedsen2024-03-29T14:26:55+00:00The Bank of Canada’s plans for 2020
https://www.bankofcanada.ca/2019/12/the-bank-of-canadas-plans-for-2020/
In his traditional year-end speech, Governor Stephen S. Poloz described some of the long-term forces affecting the global and Canadian economies that will shape the Bank’s work in 2020.2019-12-12T10:46:24+00:00The Bank of Canada’s plans for 20202019-12-12Stephen S. PolozBig Issues Ahead: The Bank’s 2020 Vision
https://www.bankofcanada.ca/2019/12/big-issues-ahead-the-banks-2020-vision/
Governor Stephen S. Poloz discusses how long-term global economic forces will drive the Bank of Canada’s work agenda in 2020 and beyond.2019-12-12T08:46:51+00:00Big Issues Ahead: The Bank’s 2020 Vision2019-12-12Stephen S. PolozChanging Fortunes: Long-Termism—G-Zero, Artificial Intelligence and Debt
https://www.bankofcanada.ca/2019/12/staff-discussion-paper-2019-12/
This paper discusses three long-term forces that are acting on the global economy and their implications for companies and policy-makers.2019-12-11T10:17:23+00:00enChanging Fortunes: Long-Termism—G-Zero, Artificial Intelligence and Debt2019-12-11Financial stabilityInternational topicsMonetary policyMonetary policy and uncertaintyTrade integrationStaff Discussion Paper 2019-12https://www.bankofcanada.ca/wp-content/uploads/2019/12/sdp2019-12.pdfChanging Fortunes: Long-Termism—G-Zero, Artificial Intelligence and DebtStephen S. PolozDecember 2019EE6E63FF0F02F1F15F5F53F6HOO1O11O3O33Trade Flows and Exchange Rates: Importers, Exporters and Products
https://www.bankofcanada.ca/2019/10/staff-working-paper-2019-41/
Using highly disaggregated transaction-level trade data, we document the importance of new firm-level trade partner relationships and the addition of new products to existing relationships in driving aggregate trade flows.2019-10-01T09:41:39+00:00enTrade Flows and Exchange Rates: Importers, Exporters and Products2019-10-01Exchange ratesFirm dynamicsInternational topicsStaff Working Paper 2019-41https://www.bankofcanada.ca/wp-content/uploads/2019/10/swp2019-41.pdfTrade Flows and Exchange Rates: Importers, Exporters and ProductsMichael DevereuxWei DongBen TomlinOctober 2019FF1F4No Double Standards: Quantifying the Impact of Standard Harmonization on Trade
https://www.bankofcanada.ca/2019/09/staff-working-paper-2019-36/
Product standards are omnipresent in industrialized societies. Though standardization can be beneficial for domestic producers, divergent product standards have been categorized as a major obstacle to international trade. This paper quantifies the effect of standard harmonization on trade flows and characterizes the extent to which it changes the cost and demand structure of exporting.2019-09-12T09:24:50+00:00enNo Double Standards: Quantifying the Impact of Standard Harmonization on Trade2019-09-12Econometric and statistical methodsInternational topicsStaff Working Paper 2019-36https://www.bankofcanada.ca/wp-content/uploads/2019/09/swp2019-36.pdfNo Double Standards: Quantifying the Impact of Standard Harmonization on TradeJulia SchmidtWalter SteingressSeptember 2019FF1F13F14F15LL1L15Exchange Rates, Retailers, and Importing: Theory and Firm-Level Evidence
https://www.bankofcanada.ca/2019/09/staff-working-paper-2019-34/
We develop a model with firm heterogeneity in importing and cross-border shopping among consumers. Exchange-rate appreciations lower the cost of imported goods, but also lead to more cross-border shopping; hence, the net impact on aggregate retail prices and sales is ambiguous.2019-09-06T16:57:05+00:00enExchange Rates, Retailers, and Importing: Theory and Firm-Level Evidence2019-09-06Exchange ratesInternational topicsService sectorStaff Working Paper 2019-34https://www.bankofcanada.ca/wp-content/uploads/2019/09/swp2019-34.pdfExchange Rates, Retailers, and Importing: Theory and Firm-Level EvidenceAlex ChernoffPatrick AlexanderSeptember 2019FF1F10F14LL8L81How Oil Supply Shocks Affect the Global Economy: Evidence from Local Projections
https://www.bankofcanada.ca/2019/07/staff-discussion-paper-2019-6/
We provide empirical evidence on the impact of oil supply shocks on global aggregates. To do this, we first extract structural oil supply shocks from a standard oil-price determination model found in the literature.2019-07-24T09:16:02+00:00enHow Oil Supply Shocks Affect the Global Economy: Evidence from Local Projections2019-07-24Business fluctuations and cyclesInternational topicsStaff Discussion Paper 2019-6https://www.bankofcanada.ca/wp-content/uploads/2019/07/sdp2019-6.pdfHow Oil Supply Shocks Affect the Global Economy: Evidence from Local ProjectionsOlivier GervaisJuly 2019CC2C22C5EE3E37QQ4Q43Outlook for Electric Vehicles and Implications for the Oil Market
https://www.bankofcanada.ca/2019/06/staff-analytical-note-2019-19/
The market for electric vehicles (EVs) is growing rapidly. Subsidies and technological improvements are expected to increase the market share of EVs over the coming decade. In its base-case scenario, the International Energy Agency (IEA) expects EV use to rise from 4 million vehicles in 2018 to 120 million by 2030, or from 0.3 per cent to over 7 per cent of the global car fleet.2019-06-10T13:32:50+00:00enOutlook for Electric Vehicles and Implications for the Oil Market2019-06-10Reassessing Trade Barriers with Global Value Chains
https://www.bankofcanada.ca/2019/05/staff-working-paper-2019-19/
This paper provides a systematic, quantitative analysis of the short-run and long-run effects of various trade-restricting policies in the presence of global value chains and multinational production.2019-05-14T08:30:51+00:00enReassessing Trade Barriers with Global Value Chains2019-05-14Business fluctuations and cyclesFirm dynamicsInternational topicsTrade integrationStaff Working Paper 2019-19https://www.bankofcanada.ca/wp-content/uploads/2019/05/swp2019-19.pdfReassessing Trade Barriers with Global Value ChainsYuko ImuraMay 2019FF1F12F13F4F41Estimating the Effect of Exchange Rate Changes on Total Exports
https://www.bankofcanada.ca/2019/05/staff-working-paper-2019-17/
This paper shows that real effective exchange rate (REER) regressions, the standard approach for estimating the response of aggregate exports to exchange rate changes, imply biased estimates of the underlying elasticities. We provide a new aggregate regression specification that is consistent with bilateral trade flows micro-founded by the gravity equation.2019-05-03T08:34:29+00:00enEstimating the Effect of Exchange Rate Changes on Total Exports2019-05-03Econometric and statistical methodsExchange ratesInternational topicsStaff Working Paper 2019-17https://www.bankofcanada.ca/wp-content/uploads/2019/05/swp2019-17.pdfEstimating the Effect of Exchange Rate Changes on Total ExportsThierry MayerWalter SteingressMay 2019FF1F11F12F3F31F32