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| 02499cam 2200397zi 4500 |
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| 001 | 9.893224 |
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| 003 | CaOODSP |
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| 005 | 20221107173404 |
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| 006 | m o d f |
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| 007 | cr cn||||||||| |
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| 008 | 201104t20202020onca ob f000 0 eng d |
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| 040 | |aCaOODSP|beng|erda|cCaOODSP |
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| 043 | |an-cn--- |
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| 045 | |ax8y1 |
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| 086 | 1 |aFB3-5/2020-44E-PDF |
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| 100 | 1 |aCao, Shutao, |eauthor. |
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| 245 | 10|aProduction networks and the propagation of commodity price shocks / |cby Shutao Cao and Wei Dong. |
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| 264 | 1|aOttawa, Ontario, Canada : |bBank of Canada = Banque du Canada, |c2020. |
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| 264 | 4|c©2020 |
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| 300 | |a1 online resource (ii, 41 pages) : |bcolour illustrations. |
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| 336 | |atext|btxt|2rdacontent |
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| 337 | |acomputer|bc|2rdamedia |
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| 338 | |aonline resource|bcr|2rdacarrier |
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| 490 | 1 |aStaff working paper = Document de travail du personnel, |x1701-9397 ; |v2020-44 |
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| 500 | |a"Last updated: November 2, 2020." |
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| 504 | |aIncludes bibliographical references (pages 31-32). |
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| 520 | 3 |a"We examine the macro implications of commodity price shocks in a general equilibrium model with input-output linkages for a commodity-exporting small open economy. In the model, fluctuations in commodity price affect aggregate output not only through resource reallocation, currency value changes and monetary policy reaction, but also through upstream and downstream input-output linkages (both domestically and with the rest of the world). Calibrated to the Canadian economy, our model is able to explain a large part of the decline in real gross domestic product (GDP) in 2015 and 2016 following the sharp drop in commodity prices. We find that as the model economy adjusts to a commodity price shock, domestic downstream linkages and the export connection with the rest of the world play an important role"--Abstract, page ii. |
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| 650 | 0|aPrices|zCanada|xEconometric models. |
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| 650 | 0|aGross domestic product|zCanada|xEconometric models. |
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| 650 | 0|aBusiness cycles|zCanada|xEconometric models. |
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| 650 | 6|aPrix|zCanada|xModèles économétriques. |
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| 650 | 6|aProduit intérieur brut|zCanada|xModèles économétriques. |
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| 650 | 6|aCycles économiques|zCanada|xModèles économétriques. |
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| 710 | 2 |aBank of Canada, |eissuing body. |
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| 830 | #0|aStaff working paper (Bank of Canada)|v2020-44.|w(CaOODSP)9.806221 |
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| 856 | 40|qPDF|s734 KB|uhttps://publications.gc.ca/collections/collection_2020/banque-bank-canada/FB3-5-2020-44-eng.pdf |
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