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.
Staff analytical notes
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.
Staff working papers
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.
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.
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.
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).
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.
- 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