Wei Dong - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T09:22:26+00:00Complementarities Between Fiscal Policy and Monetary Policy—Literature Review
https://www.bankofcanada.ca/2021/03/staff-discussion-paper-2021-4/
This paper surveys and summarizes the literature on how fiscal policy and monetary policy can complement each other in stabilizing economic activity.2021-03-15T10:01:57+00:00enComplementarities Between Fiscal Policy and Monetary Policy—Literature Review2021-03-15Fiscal policyMonetary policyStaff Discussion Paper 2021-4https://www.bankofcanada.ca/wp-content/uploads/2021/03/sdp2021-4.pdfStaff Discussion Paper 2021-4Wei DongGeoffrey R. DunbarChristian FriedrichDmitry MatveevRomanos PriftisLin ShaoMarch 2021EE5E52E58E6E62E63Production Networks and the Propagation of Commodity Price Shocks
https://www.bankofcanada.ca/2020/11/staff-working-paper-2020-44/
We examine the macro implications of commodity price shocks in a model with multiple production sectors that are interconnected within a commodity-exporting small open economy.2020-11-02T14:52:20+00:00enProduction Networks and the Propagation of Commodity Price Shocks2020-11-02Business fluctuations and cyclesInternational topicsStaff Working Paper 2020-44https://www.bankofcanada.ca/wp-content/uploads/2020/11/swp2020-44.pdfStaff Working Paper 2020-44Shutao CaoWei DongNovember 2020DD5D57FF4F41Trade 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 2019FF1F4Non-Performing Loans, Fiscal Costs and Credit Expansion in China
https://www.bankofcanada.ca/2018/11/staff-working-paper-2018-53/
This paper studies how the credit expansion policy pursued by the Chinese government in an effort to stimulate its economy in the post-crisis period affects bank–firm loan contracts and the macroeconomy. We build a structural model with financial frictions in which the optimal loan contract reflects the trade-off between leverage and the probability of default.2018-11-01T13:08:43+00:00enNon-Performing Loans, Fiscal Costs and Credit Expansion in China2018-11-01Credit and credit aggregatesFiscal policyInternational topicsStaff Working Paper 2018-53https://www.bankofcanada.ca/wp-content/uploads/2018/11/swp2018-53.pdfNon-Performing Loans, Fiscal Costs and Credit Expansion in ChinaHuixin BiYongquan CaoWei DongNovember 2018EE4E44E6E62Digital Transformation in the Service Sector: Insights from Consultations with Firms in Wholesale, Retail and Logistics
https://www.bankofcanada.ca/2017/11/staff-analytical-note-2017-19/
Firms increasingly rely on digital technologies such as e-commerce, cloud computing, big data, digital tracking and digital platforms that are reshaping business operations, business models and market structures. In this context, the Bank of Canada consulted with firms in wholesale, retail and logistics, as well as with related industry associations to yield insights on the adoption of digital technologies.2017-11-01T15:35:50+00:00enDigital Transformation in the Service Sector: Insights from Consultations with Firms in Wholesale, Retail and Logistics2017-11-01The Digital Economy—Insight from a Special Survey with IT Service Exporters
https://www.bankofcanada.ca/2016/11/staff-discussion-paper-2016-21/
Information technology (IT) is an increasingly integral part of everyday business and personal life reflecting the ongoing and accelerating digital transformation of the economy. In this paper, we present information gathered from a survey with export-oriented firms in the Canadian IT service industry and consultations with industry associations aimed at shedding light on this small but highly dynamic sector.2016-11-08T11:20:29+00:00enThe Digital Economy—Insight from a Special Survey with IT Service Exporters2016-11-08Firm dynamicsService sectorStaff Discussion Paper 2016-21https://www.bankofcanada.ca/wp-content/uploads/2016/11/sdp2016-21.pdfThe Digital Economy—Insight from a Special Survey with IT Service ExportersWei DongJames FudurichLena SuchanekNovember 2016DD2D22LL8L86OO3O33Exchange 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 2015FF3F4The 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 2012EE3E30FF3F31F4F41LL1L11Exchange Rates and Individual Good’s Price Misalignment: Some Preliminary Evidence of Long-Horizon Predictability
https://www.bankofcanada.ca/2011/10/discussion-paper-2011-8/
When prices are sticky, movements in the nominal exchange rate have a direct impact on international relative prices. A relative price misalignment would trigger an adjustment in consumption and employment, and may help to predict future movements in the exchange rate.2011-10-07T10:06:16+00:00enExchange Rates and Individual Good’s Price Misalignment: Some Preliminary Evidence of Long-Horizon Predictability2011-10-07Exchange ratesInternational topicsDiscussion Paper 2011-8https://www.bankofcanada.ca/wp-content/uploads/2011/10/dp2011-08.pdfExchange Rates and Individual Good’s Price Misalignment: Some Preliminary Evidence of Long-Horizon PredictabilityWei DongDeokwoo NamOctober 2011FF3F31F4F47Has Exchange Rate Pass-Through Really Declined? Some Recent Insights from the Literature
https://www.bankofcanada.ca/wp-content/uploads/2010/11/bailliu.pdf
Building on an earlier Review article, the authors critically reassess the premise that exchange rate pass-through (ERPT) has declined in light of recent studies of the issue in the context of a dynamic stochastic general-equilibrium framework.2010-11-19T08:17:47+00:00enHas Exchange Rate Pass-Through Really Declined? Some Recent Insights from the Literature2010-11-19