Ben Tomlin

Ben Tomlin

Research Advisor

Ben Tomlin is a Research Advisor in the Canadian Economic Analysis Department at the Bank of Canada. His primary research interests center on the analysis price adjustment, firm dynamics and productivity in open economies using large micro datasets. Specific topics include exchange rate pass-through and the use of structural models to examine the relationship between movements in exchange rates, plant turnover and productivity. Ben Tomlin received his PhD in economics from Boston University.

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Ben Tomlin

Research Advisor
Canadian Economic Analysis
Strategic Leadership and Support

Bank of Canada
234 Laurier Avenue West
Ottawa, ON, K1A 0G9

Latest

On the Nexus of Monetary Policy and Financial Stability: Recent Developments and Research

Staff Discussion Paper 2015-7 Oleksiy Kryvtsov, Miguel Molico, Ben Tomlin
Because financial and macroeconomic conditions are tightly interconnected, financial stability considerations are an important element of any monetary policy framework. Yet, the circumstances under which it would be appropriate for the Bank to use monetary policy to lean against financial risks need to be more fully specified (Côté 2014).
Content Type(s): Staff Research, Staff Discussion Papers Topic(s): Financial stability, Monetary policy framework JEL Code(s): E, E0, E4, E44, E5, E52, E58, G, G1, G18

Exchange Rate Pass-Through, Currency of Invoicing and Market Share

Staff Working Paper 2015-31 Michael Devereux, Wei Dong, Ben Tomlin
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.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Exchange rates, Inflation and prices, Market structure and pricing JEL Code(s): F, F3, F4

Measuring Potential Output at the Bank of Canada: The Extended Multivariate Filter and the Integrated Framework

Staff Discussion Paper 2015-1 Lise Pichette, Pierre St-Amant, Ben Tomlin, Karine Anoma
Estimating potential output and the output gap - the difference between actual output and its potential - is important for the proper conduct of monetary policy. However, the measurement and interpretation of potential output, and hence the output gap, is fraught with uncertainty, since it is unobservable.
Content Type(s): Staff Research, Staff Discussion Papers Topic(s): Economic models, Inflation and prices, Labour markets, Productivity JEL Code(s): E, E0, E3, E31, E5, E52

House Prices, Consumption and the Role of Non-Mortgage Debt

Staff Working Paper 2013-2 Katya Kartashova, Ben Tomlin
This paper examines the relationship between house prices and consumption, through the use of debt. Using unique Canadian household-level data that reports the uses of debt, we begin by looking at the relationship between house prices and debt.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Credit and credit aggregates, Domestic demand and components JEL Code(s): D, D1, D10, D14, D3, D31, E, E2, E21

The Sensitivity of Producer Prices to Exchange Rates: Insights from Micro Data

Staff Working Paper 2012-20 Shutao Cao, Wei Dong, Ben Tomlin
This paper studies the sensitivity of Canadian producer prices to the Canada-U.S. exchange rate. Using a unique product-level price data set, we estimate and analyze the impact of movements in the exchange rate on both domestic and export producer prices.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Exchange rates, Inflation and prices, Market structure and pricing JEL Code(s): E, E3, E30, F, F3, F31, F4, F41, L, L1, L11

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Refereed Journal

  • "Exchange Rate Fluctuations, Plant Turnover and Productivity," International Journal of Industrial Organization, 2014, Vol. 35, pp. 12-28.
  • "Pricing-to-Market, Currency Invoicing and Exchange Rate Pass-Through to Producer Prices," (with S. Cao and W. Dong) Journal of International Money and Finance, forthcoming.
  • "Exchange Rate Movements and the Distribution of Productivity," (with L. Fung) Review of International Economics, forthcoming.

Other Publications

  • "Exchange Rate Pass-Through, Currency of Invoicing and Market Share" (with Michael Devereux and Wei Dong) NBER Working Paper No. 21413, July 2015.

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Bank Publications

Education

  • Ph.D., Boston University (2010)
  • M.Sc., London School of Economics (2002)
  • B.A. (Honours), Queen’s University (2001)

Research Interests

  • Industrial Organization
  • International Economics
  • Productivity
  • Applied Econometrics

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Ben Tomlin

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