Bio
Xing Guo is the Senior Economist in the Canadian Economic Analysis (CEA) Department. His research interests include macro finance and monetary economics. He holds a Ph.D. in Economics from the University of Michigan.
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Staff discussion papers
The theory that rich economic diversity of businesses and households both affects and is shaped by economy-wide fluctuations has strong implications for monetary policy. This review places these insights in a Canadian context.
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Staff working papers
We study how different types of monetary policy shape the distributional effects of external economic shocks on households’ consumption in a small open economy. Our results present a trade-off between maintaining overall stabilization and controlling consumption inequality.
This paper identifies aggregate financial shocks and quantifies their effects on business investment based on an estimated DSGE model with firm-level heterogeneity. On average, financial shocks contribute only 3% of the variation in U.S. public firms’ aggregate investment.
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