International topics
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September 8, 2018
Investing in Monetary Policy Independence in a Small Open Economy
Governor Poloz discusses policies that can help central banks keep the ability to pursue independent monetary policy in a financially integrated global economy. -
Market Size and Entry in International Trade: Product Versus Firm Fixed Costs
This paper develops a theoretical framework to infer the nature of fixed costs from the relationship between entry patterns in international markets and destination market size. If fixed costs are at the firm level, firms take advantage of an intrafirm spillover by expanding firm-level product range (scope).