Bio

Gaelan MacKenzie is a Senior Economist. His research focuses on international trade with an overlap with macroeconomics, the economics of innovation, and industrial organization. He received a Ph.D. in economics from the University of Toronto in 2020.

Research Field(s): Firm Dynamics International Trade and Finance Macroeconomics Technological Change

Staff working papers

Monetary Policy Transmission amid Demand Reallocations

Staff Working Paper 2024-42 Julien Bengui, Lu Han, Gaelan MacKenzie
We analyze the transmission of monetary policy during different phases of a sectoral demand reallocation episode when there are frictions to increasing production in a sector. Monetary policy is more effective in reducing inflation when a larger proportion of sectors are expanding or expect to expand in the near future.
Content Type(s): Staff research, Staff working papers Topic(s): Domestic demand and components, Inflation and prices, Monetary policy transmission JEL Code(s): E, E1, E12, E2, E24, E3, E31, E5, E52

Trade and Diffusion of Embodied Technology: An Empirical Analysis

Staff Working Paper 2023-21 Stephen Ayerst, Faisal Ibrahim, Gaelan MacKenzie, Swapnika Rachapalli
Using data from patents, citations, inter-sectoral sales and customs, we examine the international diffusion of technology through imports of sectoral knowledge and production inputs. We develop an instrumental variable strategy to identify the causal effects of technology embodied in imports on innovation and diffusion outcomes.
Content Type(s): Staff research, Staff working papers Topic(s): Development economics, International topics, Productivity, Trade integration JEL Code(s): F, F1, F14, F6, F61, O, O1, O19, O3, O31, O33

Trade and Market Power in Product and Labor Markets

Staff Working Paper 2021-17 Gaelan MacKenzie
Trade liberalizations increase the sales and input purchases of productive firms relative to their less productive domestic competitors. This reallocation affects firms’ market power in their product and input markets. I quantify how the labour market power of employers affects the distribution and size of the gains from trade.
Content Type(s): Staff research, Staff working papers Topic(s): Economic models, Labour markets, Market structure and pricing, Productivity, Trade integration JEL Code(s): D, D4, D43, F, F1, F12, F6, J, L, L1, L13

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Journal publications

Other

Working Papers

  • "Trade and Market Power in Product and Labor Markets", 2020
  • "Trade and Diffusion of Embodied Technology", 2020