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9294 Results

Global Trade Flows: Revisiting the Exchange Rate Elasticities

This paper contributes to the debate on the magnitude of exchange rate elasticities by providing a set of price and quantity elasticities for 51 advanced and emerging-market economies. Specifically, for each of these countries we report the elasticity of trade prices and trade quantities on both the export and on the import sides, as well as the reaction of the trade balance.

Government Spending Multipliers Under the Zero Lower Bound: Evidence from Japan

Staff Working Paper 2017-40 Thuy Lan Nguyen, Dmitriy Sergeyev, Wataru Miyamoto
Using a rich data set on government spending forecasts in Japan, we provide new evidence on the effects of unexpected changes in government spending when the nominal interest rate is near the zero lower bound (ZLB).
Content Type(s): Staff research, Staff working papers Topic(s): Economic models, Fiscal policy JEL Code(s): E, E3, E32, E5, E6, E62
September 27, 2017

St. John’s Board of Trade - Speech (Webcasts)

The Meaning of “Data Dependence”: An Economic Progress Report - Stephen S. Poloz, the Governor of the Bank of Canada, speaks before the St. John’s Board of Trade (12:00 (ET) approx.)
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