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008181016s2018    oncd    ob   f000 0 eng d
040 |aCaOODSP|beng
041 |aeng|bfre
043 |an-cn---
0861 |aFB3-7/2018-28E-PDF
1001 |aDorich, José.
24510|aWeakness in non-commodity exports |h[electronic resource] : |bdemand versus supply factors / |cby José Dorich, Vadym Lepetyuk and Jonathan Swarbrick.
260 |aOttawa : |bBank of Canada, |cc2018.
300 |aii, 9 p. : |bcol. charts.
4901 |aStaff analytical note = Note analytique du personnel, |x2369-9639 ; |v2018-28
500 |aCover title.
504 |aIncludes bibliographical references.
5203 |a"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.
546 |aIncludes abstract in French.
693 4|aMonetary policy
693 4|aRecent economic and financial developments
7001 |aLepetyuk, Vadym.
7001 |aSwarbrick, Jonathan M.
7102 |aBank of Canada.
830#0|aStaff analytical note (Bank of Canada)|x2369-9639 ; |v2018-248|w(CaOODSP)9.807323
85640|qPDF|s420 KB|uhttps://publications.gc.ca/collections/collection_2018/banque-bank-canada/FB3-7-2018-28-eng.pdf