Patrick Alexander

Senior Economist

Patrick Alexander is a Senior Economist in the International Economic Analysis Department. His primary research interests include international trade, macroeconomics and applied econometrics. Patrick Alexander received his Ph.D. in Economics from Queen’s University.

Contact

Senior Economist
International Economic Analysis
Advanced Economies Division

Bank of Canada
234 Wellington Street
Ottawa, ON, K1A 0G9

Curriculum vitae

Latest

Exchange Rates, Retailers, and Importing: Theory and Firm-Level Evidence

Staff Working Paper 2019-34 Alex Chernoff, Patrick Alexander
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.

Responding to the First Era of Globalization: Canadian Trade Policy, 1870–1913

Staff Working Paper 2018-42 Ian Keay, Patrick Alexander
In this paper we document Canada’s trade policy response to late-nineteenth- and earlytwentieth-century globalization. We link newly digitized annual product-specific data on the value of Canadian imports and duties paid from 1870–1913 to establishment-specific production and location information drawn from the manuscripts of the 1871 industrial census.

Did U.S. Consumers Respond to the 2014–2015 Oil Price Shock? Evidence from the Consumer Expenditure Survey

Staff Working Paper 2018-13 Patrick Alexander, Louis Poirier
The impact of oil price shocks on the U.S. economy is a topic of considerable debate. In this paper, we examine the response of U.S. consumers to the 2014–2015 negative oil price shock using representative survey data from the Consumer Expenditure Survey.

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.

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.

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Other

Refereed journals

  • "Did U.S. Consumers Respond to the 2014-2015 Oil Price Shock? Evidence from the Consumer Expenditure Survey" (with Louis Poirier), forthcoming in The Energy Journal.
  • "Responding to the First Era of Globalization: Canadian Trade Policy, 1870–1913"
    (with Ian Keay), Journal of Economy History, 2019, 79(3).
  • "A general equilibrium analysis of Canada’s national policy"
    (with Ian Keay), Explorations in Economic History, Elsevier, vol. 68(C), 2018, pages 1-15.

Education

Ph.D., Queen's University

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