Yi Zheng

Principal Economist

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Bio

Yi Zheng is a Principal Economist in the Financial Stability Department of the Bank of Canada. Prior to joining FSD, she worked in the Canadian Economic Analysis Department. Her current interests include empirical research to identify and evaluate risks for Canadian and International banks as well as models to assess house prices. She has also worked on projects covering a broad range of topics, such as commodity prices, international trade, productivity, potential output, and the impact of demographics on the savings rate. She obtained her Master of Science from McGill University.


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Staff Discussion Papers

Relative Prices, Trading Gains, and Real GDI: The Case of Canada

Staff Discussion Paper 2009-4 Yi Zheng
Treating imports as intermediate inputs to domestic production, the author adopts the translog function approach to model real gross domestic income (GDI) in Canada over the 1961–2006 period. She explores the role of price ratios, such as terms of trade and the real effective exchange rate, in explaining changes in real GDI, trade openness, trade […]

Staff Working Papers

A Model of Housing Stock for Canada

Staff Working Paper 2010-19 David Dupuis, Yi Zheng
Using an error-correction model (ECM) framework, the authors attempt to quantify the degree of disequilibrium in Canadian housing stock over the period 1961–2008 for the national aggregate and over 1981–2008 for the provinces.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Domestic demand and components JEL Code(s): E, E2, E21, J, J0, J00

What Affects MFP in the Long-Run? Evidence from Canadian Industries

Staff Working Paper 2008-4 Danny Leung, Yi Zheng
In this paper we explore variables that may have an impact on multifactor productivity (MFP) in the long-run using the KLEMS database for Canada. We estimate a dynamic heterogeneous panel error-correction model of twelve 2-digit level industries.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Productivity JEL Code(s): C, C2, C23, D, D2, D24, O, O3, O30

Using Monthly Indicators to Predict Quarterly GDP

Staff Working Paper 2006-26 Yi Zheng, James Rossiter
The authors build a model for predicting current-quarter real gross domestic product (GDP) growth using anywhere from zero to three months of indicators from that quarter.

Journal Publications

Journal articles

  • "What Affects MFP in the Long-Run? Evidence from Canadian Industries,"
    (with D. Leung) forthcoming, Applied Economics.