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Wei Dong is Principal Economist in the Canadian Economic Analysis Department at the Bank of Canada. Her research interests are open economy macroeconomics and international finance. Wei received her PhD in economics from the University of Wisconsin, Madison.
Information technology (IT) is an increasingly integral part of everyday business and personal life reflecting the ongoing and accelerating digital transformation of the economy. In this paper, we present information gathered from a survey with export-oriented firms in the Canadian IT service industry and consultations with industry associations aimed at shedding light on this small but highly dynamic sector.
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.
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.
When prices are sticky, movements in the nominal exchange rate have a direct impact on international relative prices. A relative price misalignment would trigger an adjustment in consumption and employment, and may help to predict future movements in the exchange rate.
Building on an earlier Review article, the authors critically reassess the premise that exchange rate pass-through (ERPT) has declined in light of recent studies of the issue in the context of a dynamic stochastic general-equilibrium framework.
“Importers and Exporters in Exchange Rate Pass-Through and Currency Invoicing”
(with Michael Devereux and Ben Tomlin), Journal of International Economics, forthcoming.
“Pricing-to-Market, Currency Invoicing and Exchange Rate Pass-Through to Producer Prices” (with Shutao Cao and Ben Tomlin), Journal of International Money and Finance, 58, November 2015: 128-149.
“Do Central Banks Respond to Exchange Rate Movements? Some New Evidence from Structural Estimation” Canadian Journal of Economics, 46(2), May 2013: 555-586.
“The Quantitative Importance of the Expenditure-Switching Effect” Open Economies Review, 24(2), 2013: 311-338.
“Exchange Rates and Individual Good's Price Misalignment: Evidence of Long-horizon Predictability” (with Deokwoo Nam), Journal of International Money and Finance, 32, February 2013: 611-636.
“The Role of Expenditure Switching in the Global Imbalance Adjustment” Journal of International Economics, 86(2), March 2012: 237-251.
