Weakness in non-commodity exports : demand versus supply factors / by José Dorich, Vadym Lepetyuk and Jonathan Swarbrick.: FB3-7/2018-28E-PDF
"We use the Terms-of-Trade Economic Model (ToTEM) to conduct demand0 and supply-driven simulations, both of which deliver weakness in Canadian non-commodity exports relative to foreign activity in line with recent data. We then compare the predictions of the simulations with observed outcomes to shed light on the source of weakness in non-commodity exports. Our results suggest that demand factors, such as competitiveness challenges, likely play a dominant role in explaining the recent weakness in non-commodity exports. The simulations also reveal that a monetary policy response is required, independent of the source of the weakness in non-commodity exports."--Abstract, p. ii.
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| Department/Agency | Bank of Canada. |
|---|---|
| Title | Weakness in non-commodity exports : demand versus supply factors / by José Dorich, Vadym Lepetyuk and Jonathan Swarbrick. |
| Series title | Staff analytical note = Note analytique du personnel, 2369-9639 ; 2018-28 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Electronic |
| Electronic document | |
| Note(s) | Cover title. Includes bibliographical references. Includes abstract in French. |
| Publishing information | Ottawa : Bank of Canada, c2018. |
| Author / Contributor | Dorich, José. Lepetyuk, Vadym. Swarbrick, Jonathan M. |
| Description | ii, 9 p. : col. charts. |
| Catalogue number |
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| Subject terms | Monetary policy Recent economic and financial developments |