Yuko Imura

yimura@bankofcanada.ca

Principal Researcher

International Economic Analysis
International Studies Division
  • Ph.D., The Ohio State University, 2012

Curriculum vitae

RePEc RSS

Bio

Yuko Imura is a Principal Researcher in the International Economic Analysis Department. 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 Fields: International Macroeconomics Macroeconomics Quantitative Macroeconomics
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Staff Analytical Notes

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 Topic(s): Econometric and statistical methods, Exchange rates

Staff Working Papers

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 Topic(s): Business fluctuations and cycles, Firm dynamics, International topics, Trade Integration JEL Code(s): F, F1, F12, F13, F4, F41

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 Topic(s): Business fluctuations and cycles, Economic models, Firm dynamics, International topics, Monetary Policy JEL Code(s): E, E5, E52, F, F1, F12, F4, F44

International Transmission of Credit Shocks in an Equilibrium Model with Production Heterogeneity

Staff Working Paper 2015-19 Yuko Imura, Julia Thomas
Many policy-makers and researchers view the recent financial and real economic crises across North America, Europe and beyond as a global phenomenon. Some have argued that this global recession has a common source: the U.S. financial crisis.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Business fluctuations and cycles, Economic models, Financial markets, Financial stability, International topics JEL Code(s): E, E2, E22, E3, E32, E4, E44, F, F4, F41, F44

Credit Market Frictions and Sudden Stops

Staff Working Paper 2014-49 Yuko Imura
Financial crises in emerging economies in the 1980s and 1990s often entailed abrupt declines in foreign capital inflows, improvements in trade balance, and large declines in output and total factor productivity (TFP).
Content Type(s): Staff Research, Staff Working Papers Topic(s): Business fluctuations and cycles, Credit and credit aggregates, Financial markets, International topics JEL Code(s): E, E2, E22, E3, E32, F, F4, F41, G, G0, G01

Endogenous Trade Participation with Incomplete Exchange Rate Pass-Through

Staff Working Paper 2013-30 Yuko Imura
This paper investigates the implications of endogenous trade participation for international business cycles, trade flow dynamics and exchange rate pass-through when price adjustments are staggered across firms.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Business fluctuations and cycles, Exchange rates, International topics JEL Code(s): F, F1, F12, F4, F44

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