Ben Tomlin - Bank Publications - Bank of Canada
https://www.bankofcanada.ca/rss-feeds/
Bank of Canada RSS Feedsen2024-03-28T14:07:30+00:00Climate Variability and International Trade
https://www.bankofcanada.ca/2023/01/staff-working-paper-2023-8/
This paper quantifies the impact of hurricanes on seaborne international trade to the United States. Matching the timing of hurricane–trade route intersections with monthly U.S. port-level trade data, we isolate the unanticipated effects of a hurricane hitting a trade route using two separate identification schemes: an event study and a local projection.2023-01-30T10:17:33+00:00enClimate Variability and International Trade2023-01-30Climate changeInternational topicsStaff Working Paper 2023-8https://www.bankofcanada.ca/wp-content/uploads/2023/01/swp2023-8.pdfStaff Working Paper 2023-8Geoffrey R. DunbarWalter SteingressBen TomlinJanuary 2023CC2C22C5FF1F14F18QQ5Q54Trade 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 2019FF1F4Alternative Scenario to the October 2017 MPR Base-Case Projection: Higher Potential Growth
https://www.bankofcanada.ca/2017/10/staff-analytical-note-2017-18/
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.2017-10-25T06:02:48+00:00enAlternative Scenario to the October 2017 MPR Base-Case Projection: Higher Potential Growth2017-10-25April 2017 Annual Reassessment of Potential Output Growth in Canada
https://www.bankofcanada.ca/2017/04/staff-analytical-note-2017-5/
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 2020.2017-04-12T10:02:21+00:00enApril 2017 Annual Reassessment of Potential Output Growth in Canada2017-04-12Firm-Specific Shocks and Aggregate Fluctuations
https://www.bankofcanada.ca/2016/11/staff-working-paper-2016-51/
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.2016-11-21T07:38:15+00:00enFirm-Specific Shocks and Aggregate Fluctuations2016-11-21Business fluctuations and cyclesFirm dynamicsMarket structure and pricingStaff Working Paper 2016-51https://www.bankofcanada.ca/wp-content/uploads/2016/11/swp2016-51.pdfFirm-Specific Shocks and Aggregate FluctuationsLeonid KarasikDanny LeungBen TomlinNovember 2016EE2E22E23E24E3LL6On the Nexus of Monetary Policy and Financial Stability: Recent Developments and Research
https://www.bankofcanada.ca/2015/09/discussion-paper-2015-7/
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).2015-09-28T15:24:52+00:00enOn the Nexus of Monetary Policy and Financial Stability: Recent Developments and Research2015-09-28Financial stabilityMonetary policy frameworkDiscussion Paper 2015-7 https://www.bankofcanada.ca/wp-content/uploads/2015/09/dp2015-7.pdfOn the Nexus of Monetary Policy and Financial Stability: Recent Developments and ResearchOleksiy KryvtsovMiguel MolicoBen TomlinSeptember 2015EE0E4E44E5E52E58GG1G18Exchange Rate Pass-Through, Currency of Invoicing and Market Share
https://www.bankofcanada.ca/2015/08/working-paper-2015-31/
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.2015-08-04T09:59:59+00:00enExchange Rate Pass-Through, Currency of Invoicing and Market Share2015-08-04Exchange ratesInflation and pricesMarket structure and pricingWorking Paper 2015-31https://www.bankofcanada.ca/wp-content/uploads/2015/08/wp2015-31.pdfExchange Rate Pass-Through, Currency of Invoicing and Market ShareMichael DevereuxWei DongBen TomlinAugust 2015FF3F4Measuring Potential Output at the Bank of Canada: The Extended Multivariate Filter and the Integrated Framework
https://www.bankofcanada.ca/2015/01/discussion-paper-2015-1/
Estimating potential output and the output gap - the difference between actual output and its potential - is important for the proper conduct of monetary policy. However, the measurement and interpretation of potential output, and hence the output gap, is fraught with uncertainty, since it is unobservable.2015-01-21T08:10:04+00:00enMeasuring Potential Output at the Bank of Canada: The Extended Multivariate Filter and the Integrated Framework2015-01-21Economic modelsInflation and pricesLabour marketsProductivityDiscussion Paper 2015-1https://www.bankofcanada.ca/wp-content/uploads/2015/01/dp2015-1.pdfMeasuring Potential Output at the Bank of Canada: The Extended Multivariate Filter and the Integrated FrameworkLise PichettePierre St-AmantBen TomlinKarine AnomaJanuary 2015EE0E3E31E5E52House Prices, Consumption and the Role of Non-Mortgage Debt
https://www.bankofcanada.ca/2013/01/working-paper-2013-2/
This paper examines the relationship between house prices and consumption, through the use of debt. Using unique Canadian household-level data that reports the uses of debt, we begin by looking at the relationship between house prices and debt.2013-01-09T11:21:58+00:00enHouse Prices, Consumption and the Role of Non-Mortgage Debt2013-01-09Credit and credit aggregatesDomestic demand and componentsWorking Paper 2013-2https://www.bankofcanada.ca/wp-content/uploads/2013/01/wp2013-02.pdfHouse Prices, Consumption and the Role of Non-Mortgage DebtKatya KartashovaBen TomlinJanuary 2013DD1D10D14D3D31EE2E21The Sensitivity of Producer Prices to Exchange Rates: Insights from Micro Data
https://www.bankofcanada.ca/2012/07/working-paper-2012-20/
This paper studies the sensitivity of Canadian producer prices to the Canada-U.S. exchange rate. Using a unique product-level price data set, we estimate and analyze the impact of movements in the exchange rate on both domestic and export producer prices.2012-07-23T07:48:45+00:00enThe Sensitivity of Producer Prices to Exchange Rates: Insights from Micro Data2012-07-23Exchange ratesInflation and pricesMarket structure and pricingWorking Paper 2012-20https://www.bankofcanada.ca/wp-content/uploads/2012/07/wp2012-20.pdfThe Sensitivity of Producer Prices to Exchange Rates: Insights from Micro DataShutao CaoWei DongBen TomlinJuly 2012EE3E30FF3F31F4F41LL1L11