Michael Devereux - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T17:27:38+00:00Trade Flows and Exchange Rates: Importers, Exporters and Products
https://www.bankofcanada.ca/2019/10/staff-working-paper-2019-41/
Using highly disaggregated transaction-level trade data, we document the importance of new firm-level trade partner relationships and the addition of new products to existing relationships in driving aggregate trade flows.2019-10-01T09:41:39+00:00enTrade Flows and Exchange Rates: Importers, Exporters and Products2019-10-01Exchange ratesFirm dynamicsInternational topicsStaff Working Paper 2019-41https://www.bankofcanada.ca/wp-content/uploads/2019/10/swp2019-41.pdfTrade Flows and Exchange Rates: Importers, Exporters and ProductsMichael DevereuxWei DongBen TomlinOctober 2019FF1F4Exchange Rate Pass-Through, Currency of Invoicing and Market Share
https://www.bankofcanada.ca/2015/08/working-paper-2015-31/
This paper investigates the impact of market structure on the joint determination of exchange rate pass-through and currency of invoicing in international trade. A novel feature of the study is the focus on market share of firms on both sides of the market—that is, exporting firms and importing firms.2015-08-04T09:59:59+00:00enExchange Rate Pass-Through, Currency of Invoicing and Market Share2015-08-04Exchange ratesInflation and pricesMarket structure and pricingWorking Paper 2015-31https://www.bankofcanada.ca/wp-content/uploads/2015/08/wp2015-31.pdfExchange Rate Pass-Through, Currency of Invoicing and Market ShareMichael DevereuxWei DongBen TomlinAugust 2015FF3F4Predetermined Prices and the Persistent Effects of Money on Output
https://www.bankofcanada.ca/2001/08/working-paper-2001-13/
This paper illustrates a model of predetermined pricing, where firms set a fixed schedule of nominal prices at the time of price readjustment, based on the work of Fischer (1977). This type of price-setting specification cannot produce any excess persistence in a fixed-duration model of staggered prices, but we show that with a probabilistic model of price adjustment, as in Calvo (1983), a predetermined pricing specification can produce excess persistence.2001-08-01T15:24:55+00:00enPredetermined Prices and the Persistent Effects of Money on Output2001-08-01Monetary policy transmissionWorking Paper 2001-13 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp01-13.pdfPredetermined Prices and the Persistent Effects of Money on OutputMichael DevereuxJames YetmanAugust 2001EE3E30