Francisco Ruge-Murcia - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T06:08:51+00:00Tariffs and the Exchange Rate: Evidence from Twitter
https://www.bankofcanada.ca/2021/07/staff-working-paper-2021-36/
Do tariffs affect exchange rates? We look at President Trump’s tweets during talks on the North American Free Trade Agreement and find that anticipation of higher tariffs on imports from Canada and Mexico led to an appreciation of the US dollar relative to Canadian and Mexican currency.2021-07-21T15:54:37+00:00enTariffs and the Exchange Rate: Evidence from Twitter2021-07-21Exchange ratesTrade integrationStaff Working Paper 2021-36https://www.bankofcanada.ca/wp-content/uploads/2021/07/swp2021-36.pdfStaff Working Paper 2021-36Dmitry MatveevFrancisco Ruge-MurciaJuly 2021FF1F13F3F31Habit Formation and the Persistence of Monetary Shocks
https://www.bankofcanada.ca/2002/10/working-paper-2002-27/
This paper studies the persistent effects of monetary shocks on output. Previous empirical literature documents this persistence, but standard general-equilibrium models with sticky prices fail to generate output responses beyond the duration of nominal contracts.2002-10-01T11:29:56+00:00enHabit Formation and the Persistence of Monetary Shocks2002-10-01Business fluctuations and cyclesMonetary policy transmissionWorking Paper 2002-27 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp02-27.pdfHabit Formation and the Persistence of Monetary ShocksHafedh BouakezEmanuela CardiaFrancisco Ruge-MurciaOctober 2002EE3E4E5