Trade Integration

• Changing Fortunes: Long-Termism—G-Zero, Artificial Intelligence and Debt

  Staff Discussion Paper 2019-12 Stephen S. Poloz

  This paper discusses three long-term forces that are acting on the global economy and their implications for companies and policy-makers.

  Content Type(s): Staff Research, Staff Discussion Papers Topic(s): Financial stability, International topics, Monetary Policy, Trade Integration, Uncertainty and monetary policy JEL Code(s): E, E6, E63, F, F0, F02, F1, F15, F5, F53, F6, H, O, O1, O11, O3, O33
• November 19, 2019

  Financial Stability in an Uncertain World (Full Remarks)

  Remarks Carolyn A. Wilkins International Finance Club of Montréal Montréal, Quebec

  Senior Deputy Governor Carolyn A. Wilkins provides an update on the Canadian financial system and discusses measures in place that increase its resilience in a challenging global environment.

  Content Type(s): Press, Speeches Topic(s): Climate change, Financial Institutions, Financial stability, Financial system regulation and policies, Housing, Trade Integration
• November 19, 2019

  Financial Stability in an Uncertain World

  Carolyn A. Wilkins The International Finance Club of Montreal Montréal, Quebec

  Senior Deputy Governor Carolyn A. Wilkins talks about the recent strengthening of Canada’s financial system.

  Content Type(s): Press, Speeches Topic(s): Climate change, Financial Institutions, Financial stability, Financial system regulation and policies, Trade Integration

• The Impact of a Trade War: Assessment of the Current Tariffs and Alternative Scenarios

  Staff Analytical Note 2019-20 Karyne B. Charbonneau

  This note uses Charbonneau and Landry’s (2018) framework to assess the direct impact of the current trade tensions on the Canadian and global economies, as well as possible implications if the conflict escalates further. Overall, my findings show that the estimated impact of current tariffs on real gross domestic product (GDP) remains relatively small, which is in line with the literature on gains from trade, but the impact on trade is much larger.

  Content Type(s): Staff Research, Staff Analytical Notes Topic(s): Recent economic and financial developments, Trade Integration JEL Code(s): F, F1, F11, F13, F14, F15, F5, F50, F6, F62, F68

• Reassessing Trade Barriers with Global Value Chains

  Staff Working Paper 2019-19 Yuko Imura

  This paper provides a systematic, quantitative analysis of the short-run and long-run effects of various trade-restricting policies in the presence of global value chains and multinational production.

  Content Type(s): Staff Research, Staff Working Papers Topic(s): Business fluctuations and cycles, Firm dynamics, International topics, Trade Integration JEL Code(s): F, F1, F12, F13, F4, F41
• May 6, 2019

  Risk Sharing, Flexibility and the Future of Mortgages

  Remarks Stephen S. Poloz Canadian Credit Union Association and Winnipeg Chamber of Commerce Winnipeg, Manitoba

  Governor Poloz talks about Canada’s housing market and how the mortgage market could evolve to give Canadians more choice, make the economy more flexible and lower the level of financial system risk.

  Content Type(s): Press, Speeches Topic(s): Financial services, Financial stability, Housing, Recent economic and financial developments, Trade Integration

• The Trade War in Numbers

  Staff Working Paper 2018-57 Karyne B. Charbonneau, Anthony Landry

  We build upon new developments in the international trade literature to isolate and quantify the long-run economic impacts of tariff changes on the United States and the global economy.

  Content Type(s): Staff Research, Staff Working Papers Topic(s): Recent economic and financial developments, Trade Integration JEL Code(s): F, F1, F11, F13, F14, F15, F5, F50, F6, F62, F68

• Market Size and Entry in International Trade: Product Versus Firm Fixed Costs

  Staff Working Paper 2018-43 Walter Steingress

  This paper develops a theoretical framework to infer the nature of fixed costs from the relationship between entry patterns in international markets and destination market size. If fixed costs are at the firm level, firms take advantage of an intrafirm spillover by expanding firm-level product range (scope).

  Content Type(s): Staff Research, Staff Working Papers Topic(s): Firm dynamics, International topics, Trade Integration JEL Code(s): F, F1, F12, F14, F2, F23
• September 6, 2018

  An Update on Canada’s Economic Resilience

  Remarks Carolyn A. Wilkins Saskatchewan Trade & Export Partnership Regina, Saskatchewan

  Senior Deputy Governor Wilkins discusses economic developments since the July Monetary Policy Report and Governing Council’s deliberations leading to yesterday’s policy rate decision.

  Content Type(s): Press, Speeches Topic(s): Economic models, Inflation targets, Interest rates, Monetary Policy, Recent economic and financial developments, Trade Integration, Uncertainty and monetary policy

• Estimating the Impacts of Tariff Changes: Two Illustrative Scenarios

  Staff Analytical Note 2018-29 Karyne B. Charbonneau, Anthony Landry

  We build upon new developments in the international trade literature to construct a quantitative Ricardian framework similar to Caliendo and Parro (2015) to isolate and estimate the long-run economic impacts of tariff changes.

  Content Type(s): Staff Research, Staff Analytical Notes Topic(s): Recent economic and financial developments, Trade Integration JEL Code(s): F, F1, F11, F13, F14, F15, F5, F50, F6, F62, F68