Download or read book Exchange Rate Cycles and Canada U S Manufacturing Prices written by John R. Baldwin and published by Statistics Canada. This book was released on 2006-01-01 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Exchange Rate Cycles and Canada U S Manufacturing Prices written by John R. Baldwin and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper examines the industry characteristics that are related to the shifts in competitiveness, measured as the relative common-currency price ratios between Canadian and US manufacturing prices. We find that relative input costs and relative productivity growth are the two most important factors influencing changes in relative Canada/US prices. Competitive pressures emanating from trade are important determinants of the extent to which relative productivity differences are passed through to cross-country relative prices. We also find that the magnitude of domestic market competition and export intensity affects the short-run relative price shifts over the cycle of exchange rate.

Download or read book Domestic and Foreign Influences on Canadian Prices Over Exchange Rate Cycles 1974 to 1996 written by John Russel Baldwin and published by . This book was released on 2006 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper examines the pricing behaviour of 81 Canadian manufacturing industries from 1974 to 1996. It explores the domestic and foreign factors that affect price formation in Canada and the circumstances in which Canadian prices respond to foreign (U.S.) influences (the law of one price), as opposed to domestic factors (i.e., labour, energy costs and productivity growth).

Download or read book Exchange Rates and International Competitiveness of the Canadian Economy written by Richard G. Harris and published by . This book was released on 1992 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: This document presents background information on the competitiveness concept. It discusses the equilibrium exchange rates and the current account. It also looks at short-run effects of exchange-rate changes. It provides a summary and policy conclusions.

Download or read book Exchange Rate Fluctuations and the Competitiveness of the Canadian Manufacturing Sector written by Mathieu Frigon and published by . This book was released on 2013 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt: The strengthening of the Canadian dollar against the U.S. dollar over the past 10 years has led to numerous discussions in Canada about the "Dutch disease." This term refers to the notion that an economic boom in commodities leads to a rise in the exchange rate that harms the competitiveness of the manufacturing sector's exports. Eventually this phenomenon can lead to a fairly large-scale deindustrialization of a national economy. In this context, the purpose of this paper is to clarify the role that exchange rate fluctuations play in the changing competitiveness of the Canadian manufacturing sector. First, the paper analyzes changes in this sector in Canada and in selected industrialized countries. Next, for all of these countries, it examines the competitiveness of this sector, measured by unit labour cost, and compares the impacts of various factors, including the exchange rate, on this cost. Lastly, the paper draws some conclusions about the role of the exchange rate in the decline in the competitiveness of the Canadian manufacturing sector.

Download or read book Credit Currency or Derivatives written by Michael G. Papaioannou and published by Emerald Group Publishing. This book was released on 2009-11-13 with total page 586 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contains original papers that examine various issues concerning the role, the structure and functioning of credit, currency and derivatives instruments and markets as they relate to financial crises. This title stresses the importance of the inter-linkages of these instruments and markets in promoting or hindering financial stability or crises.

Download or read book Exchange Rate Economics written by Ronald MacDonald and published by Routledge. This book was released on 2005 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: ''In summary, the book is valuable as a textbook both at the advanced undergraduate level and at the graduate level. It is also very useful for the economist who wants to be brought up-to-date on theoretical and empirical research on exchange rate behaviour.'' ""Journal of International Economics""

Download or read book The Politics of Ontario written by Cheryl N. Collier and published by University of Toronto Press. This book was released on 2017-01-01 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Politics of Ontario is the first comprehensive book on Ontario's politics, government, and public policy since Graham White's The Government and Politics of Ontario in 1997.

Download or read book 1986 United States Canada Memorandum of Understanding on Softwood Lumber written by United States. Congress. House. Committee on Small Business. Subcommittee on Regulation, Business Opportunities, and Energy and published by . This book was released on 1991 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Modeling and Forecasting Primary Commodity Prices written by Walter C. Labys and published by Routledge. This book was released on 2017-03-02 with total page 247 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent economic growth in China and other Asian countries has led to increased commodity demand which has caused price rises and accompanying price fluctuations not only for crude oil but also for the many other raw materials. Such trends mean that world commodity markets are once again under intense scrutiny. This book provides new insights into the modeling and forecasting of primary commodity prices by featuring comprehensive applications of the most recent methods of statistical time series analysis. The latter utilize econometric methods concerned with structural breaks, unobserved components, chaotic discovery, long memory, heteroskedasticity, wavelet estimation and fractional integration. Relevant tests employed include neural networks, correlation dimensions, Lyapunov exponents, fractional integration and rescaled range. The price forecasting involves structural time series trend plus cycle and cyclical trend models. Practical applications focus on the price behaviour of more than twenty international commodity markets.

Download or read book Inflation in Emerging and Developing Economies written by Jongrim Ha and published by World Bank Publications. This book was released on 2019-02-24 with total page 524 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first comprehensive study in the context of EMDEs that covers, in one consistent framework, the evolution and global and domestic drivers of inflation, the role of expectations, exchange rate pass-through and policy implications. In addition, the report analyzes inflation and monetary policy related challenges in LICs. The report documents three major findings: In First, EMDE disinflation over the past four decades was to a significant degree a result of favorable external developments, pointing to the risk of rising EMDE inflation if global inflation were to increase. In particular, the decline in EMDE inflation has been supported by broad-based global disinflation amid rapid international trade and financial integration and the disruption caused by the global financial crisis. While domestic factors continue to be the main drivers of short-term movements in EMDE inflation, the role of global factors has risen by one-half between the 1970s and the 2000s. On average, global shocks, especially oil price swings and global demand shocks have accounted for more than one-quarter of domestic inflation variatio--and more in countries with stronger global linkages and greater reliance on commodity imports. In LICs, global food and energy price shocks accounted for another 12 percent of core inflation variatio--half more than in advanced economies and one-fifth more than in non-LIC EMDEs. Second, inflation expectations continue to be less well-anchored in EMDEs than in advanced economies, although a move to inflation targeting and better fiscal frameworks has helped strengthen monetary policy credibility. Lower monetary policy credibility and exchange rate flexibility have also been associated with higher pass-through of exchange rate shocks into domestic inflation in the event of global shocks, which have accounted for half of EMDE exchange rate variation. Third, in part because of poorly anchored inflation expectations, the transmission of global commodity price shocks to domestic LIC inflation (combined with unintended consequences of other government policies) can have material implications for poverty: the global food price spikes in 2010-11 tipped roughly 8 million people into poverty.

Download or read book Uneasy Partnership written by Geoffrey Hale and published by University of Toronto Press. This book was released on 2018-01-25 with total page 446 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The Canadian government's pursuit of economic growth is central to its economic policy and to the nature of its relationship with the business community. The government depends on business investment for economic growth vital to the prosperity of citizens, the generation of tax revenues, and enough public satisfaction to win re-election. Businesses depend on the government for stable sets of rules that are necessary for success. They often look to governments for protection against threats to their well-being and for assistance in competing with other businesses. In this new edition of Uneasy Partnership, Geoffrey Hale examines the interdependent relationship between Canadian governments and businesses, considering the political role of the government in the economy and what effect this has on the business environment. Hale provides an overview of the historical dimensions of Canada's political economy and relations between government and business, giving readers background to consider topics such as corporate power, the implications of Canada's economic structure, regional economic differences, and the role of interest groups in political and policy processes, among others. In a thoughtful and well-researched style, Hale lays out how the partnership between business and government in Canada is an uneasy one--and one whose capacity to adapt to ongoing changes is essential in an uncertain world."--

Download or read book Proceedings written by and published by . This book was released on 1994 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Global Business Cycles written by Mr.Ayhan Kose and published by International Monetary Fund. This book was released on 2008-06-01 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the evolution of the degree of global cyclical interdependence over the period 1960-2005. We categorize the 106 countries in our sample into three groups-industrial countries, emerging markets, and other developing economies. Using a dynamic factor model, we then decompose macroeconomic fluctuations in key macroeconomic aggregates-output, consumption, and investment-into different factors. These are: (i) a global factor, which picks up fluctuations that are common across all variables and countries; (ii) three group-specific factors, which capture fluctuations that are common to all variables and all countries within each group of countries; (iii) country factors, which are common across all aggregates in a given country; and (iv) idiosyncratic factors specific to each time series. Our main result is that, during the period of globalization (1985-2005), there has been some convergence of business cycle fluctuations among the group of industrial economies and among the group of emerging market economies. Surprisingly, there has been a concomitant decline in the relative importance of the global factor. In other words, there is evidence of business cycle convergence within each of these two groups of countries but divergence (or decoupling) between them.

Download or read book Exchange Rate Volatility and Trade Flows Some New Evidence written by International Monetary Fund and published by International Monetary Fund. This book was released on 2004-05-19 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: NULL

Download or read book The International Economy written by and published by . This book was released on 1980 with total page 754 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Implications of Skill biased Technological Change written by Eli Berman and published by . This book was released on 1997 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Demand for less skilled workers decreased dramatically in the US and in other developed countries over the past two decades. We argue that pervasive skill-biased technological change rather than increased trade with the developing world is the principal culprit. The pervasiveness of this technological change is important for two reasons. First, it is an immediate and testable implication of technological change. Second, under standard assumptions, the more pervasive the skill-biased technological change the greater the increase in the embodied supply of less skilled workers and the greater the depressing effect on their relative wages through world goods prices. In contrast, in the Heckscher-Ohlin model with small open economies, the skill-bias of local technological changes does not affect wages. Thus, pervasiveness deals with a major criticism of skill-biased technological change as a cause. Testing the implications of pervasive, skill-biased technological change we find strong supporting evidence. First, across the OECD, most industries have increased the proportion of skilled workers employed despite rising or stable relative wages. Second, increases in demand for skills were concentrated in the same manufacturing industries in different developed countries.