Karyne B. Charbonneau is a Policy Advisor the Canadian Economic Analysis Department at the Bank of Canada. In this capacity, she is part of the leadership team overseeing the Bank's analysis of the Canadian economy and its research on monetary policy. Her research focuses on applied econometrics and international trade.
Prior to occupying this role, she was a Principal Economist in the Real Economic Activity Division and then in the Digital Economy and Advanced Analytics Division.
She received her PhD in economics from Princeton University.
We build upon new developments in the international trade literature to construct a quantitative Ricardian framework similar to Caliendo and Parro (2015) to isolate and estimate the long-run economic impacts of tariff changes.
This paper compiles the contemporary view on three major Canadian-led trade policies that have marked Canada’s economic history since Confederation: the National Policy (1879), the Canada–US Agreement on Automotive Products (Auto Pact, 1965) and the Canada–US Free Trade Agreement (FTA, 1989, including its extension to the North American Free Trade Agreement, NAFTA, 1994).
In the past few years, many have postulated that the possible disinflationary effects of digitalization could explain the subdued inflation in advanced economies. In this note, we review the evidence found in the literature. We look at three main channels.
Canada’s international competitiveness has received increasing attention in recent years as exports have fallen short of expectations and Canada has lost market share. This paper asks whether the Bank of Canada’s current effective exchange rate measure, the CERI, is still an accurate measure of Canada’s international competitiveness.