Bio

Yuko Imura is the Director of the International Studies Division in the International Economic Analysis Department at the Bank of Canada. Her primary research fields are international trade and finance, monetary economics and computational economics. She received her PhD in Economics from the Ohio State University.

Research Field(s): International Macroeconomics Macroeconomics Quantitative Macroeconomics

Staff research

Reassessing Trade Barriers with Global Value Chains

Staff working paper 2019-19 Yuko Imura
This paper provides a systematic, quantitative analysis of the short-run and long-run effects of various trade-restricting policies in the presence of global value chains and multinational production.
Content Type(s): Staff research, Staff working papers JEL Code(s): F, F1, F12, F13, F4, F41 Research Theme(s): Models and tools, Economic models, Monetary policy, Real economy and forecasting, Structural challenges, International trade, finance and competitiveness

The Extensive Margin of Trade and Monetary Policy

Staff working paper 2018-37 Yuko Imura, Malik Shukayev
This paper studies the effects of monetary policy shocks on firms’ participation in exporting. We develop a two-country dynamic stochastic general equilibrium model in which heterogeneous firms make forward-looking decisions on whether to participate in the export market and prices are staggered across firms and time.
Content Type(s): Staff research, Staff working papers JEL Code(s): E, E5, E52, F, F1, F12, F4, F44 Research Theme(s): Models and tools, Economic models, Monetary policy, Monetary policy framework and transmission, Structural challenges, International trade, finance and competitiveness

Predictive Ability of Commodity Prices for the Canadian Dollar

Staff analytical note 2016-2 Kimberly Berg, Pierre Guérin, Yuko Imura
Recent sharp declines in commodity prices and the simultaneous depreciation of the Canadian dollar (CAD) relative to the U.S. dollar (USD) have rekindled an interest in the relationship between commodity prices and the CAD-USD exchange rate.
Content Type(s): Staff research, Staff analytical notes Research Theme(s): Financial markets and funds management, International markets and currencies, Models and tools, Econometric, statistical and computational methods

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Bank publications

The Economy, Plain and Simple

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Journal publications

Refereed journals

Other

Research papers

  • Endogenous Trade Participation with Incomplete Exchange Rate Pass-Through
  • Heterogeneous Firms, Endogenous Entry,and Monetary Policy in an Open Economy
  • Endogenous Entry and Price Responsiveness
    (with Yi-Chan Tsai)
  • Collateralized Borrowing in a Two-Country DSGE Model with Production Heterogeneity
    (with Julia Thomas)
  • Credit Market Frictions and Sudden Stops