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008210908t20212021onca    ob   f000 0 eng d
040 |aCaOODSP|beng|erda|cCaOODSP
0861 |aFB3-5/2021-36E-PDF
1001 |aMatveev, Dmitry, |eauthor.
24510|aTariffs and the exchange rate : |bevidence from Twitter / |cby Dmitry Matveev and Francisco Ruge-Murcia.
264 1|aOttawa, Ontario, Canada : |bBank of Canada = Banque du Canada, |c2021.
264 4|c©2021
300 |a1 online resource (ii, 27 pages) : |bcolour illustrations.
336 |atext|btxt|2rdacontent
337 |acomputer|bc|2rdamedia
338 |aonline resource|bcr|2rdacarrier
4901 |aStaff working paper = |aDocument de travail du personnel, |x1701-9397 ; |v2021-36
500 |a"Last updated: July 21, 2021."
504 |aIncludes bibliographical references (pages 26-27).
5203 |a"This paper examines the conjecture that an increase in tariffs in a flexible exchange rate regime leads to the appreciation of the local currency. We focus on the reaction of the exchange rate market to tweets by US President Donald Trump regarding possible tariff increases on Canadian and Mexican goods. The anticipation of trade restrictions leads to the US dollar appreciating by 0.023% and 0.051% vis-à-vis the Canadian dollar and Mexican peso within five minutes of the tweet, and comparable percentages for forward rates up to five years ahead. Exchange rate appreciation may mitigate the expenditure-switching intended by the protectionist policy"--Abstract, page ii.
60010|aTrump, Donald, |d1946-|xLanguage.
60016|aTrump, Donald, |d1946-|xLangage.
650 0|aForeign exchange rates|xEconometric models.
650 0|aTariff|xEconometric models.
650 0|aMicroblogs|xEconometric models.
650 6|aTaux de change|xModèles économétriques.
650 6|aTarif douanier|xModèles économétriques.
650 6|aMicromessages|xModèles économétriques.
7102 |aBank of Canada, |eissuing body.
830#0|aStaff working paper (Bank of Canada)|v2021-36.|w(CaOODSP)9.806221
85640|qPDF|s804 KB|uhttps://publications.gc.ca/collections/collection_2021/banque-bank-canada/FB3-5-2021-36-eng.pdf