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Recent New Keynesian models of macroeconomy view nominal cost rigidities, rather than nominal price rigidities, as the key feature that accounts for the observed persiste[...]
2011 | Text | Staff Working Paper - Document de travail du personnel |
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This paper investigates the implications of endogenous trade participation for international business cycles, trade flow dynamics and exchange rate pass-through when pric[...]
2013 | Text | Staff Working Paper - Document de travail du personnel |
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3.
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Following gains during the 1990s, Canada’s global market share of goods exports has declined markedly in recent years. In this regard, the constant market share analysis [...]
2012 | Text | Staff Working Paper - Document de travail du personnel |
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In this paper, we examine how the effect of movements in the real exchange rate on manufacturing plants depends on the plant's placement within the productivity distribut[...]
2010 | Text | Staff Working Paper - Document de travail du personnel |
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5.
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Kryvtsov and Midrigan (2008) study the behavior of inventories in an economy with menu costs, fixed ordering costs and the possibility of stock-outs. This paper extends t[...]
2009 | Text | Staff Working Paper - Document de travail du personnel |
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6.
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Real rigidities that limit the responsiveness of real marginal cost to output are a key ingredient of sticky price models necessary to account for the dynamics of output [...]
2009 | Text | Staff Working Paper - Document de travail du personnel |
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7.
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Conventional wisdom holds that institutional changes and trade liberalization are two main sources of growth in per capita income around the world. However, recent resear[...]
2006 | Text | Staff Working Paper - Document de travail du personnel |
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8.
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Treating imports as intermediate inputs to domestic production, the author adopts the translog function approach to model real gross domestic income (GDI) in Canada over [...]
2009 | Text | Staff Discussion Paper - Document d’analyse du personnel |
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9.
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After 10 years of impressive growth, India is now the fourth largest economy in the world. Yet, to date, India's impact on global commodity markets has been muted. The au[...]
2008 | Text | Staff Discussion Paper - Document d’analyse du personnel |
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10.
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The author constructs a measure of foreign activity that takes into account the composition of foreign demand for Canadian exports. It has a number of interesting feature[...]
2012 | Text | Staff Discussion Paper - Document d’analyse du personnel |
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