Wei Dong - Latest

• November 19, 2010

  Has Exchange Rate Pass-Through Really Declined? Some Recent Insights from the Literature

  Bank of Canada Review - Autumn 2010 Jeannine Bailliu, Wei Dong, John Murray

  Building on an earlier Review article, the authors critically reassess the premise that exchange rate pass-through (ERPT) has declined in light of recent studies of the issue in the context of a dynamic stochastic general-equilibrium framework.

  Content Type(s): Publications, Bank of Canada Review articles Topic(s): Economic models, Exchange rates, Inflation and prices, Monetary policy framework

• The Role of Expenditure Switching in the Global Imbalance Adjustment

  Staff Working Paper 2010-16 Wei Dong

  In theory, nominal exchange rate movements can lead to “expenditure switching” when they generate changes in the relative prices of goods across countries. This paper explores whether the expenditure-switching role of exchange rates has changed in the current episode of significant global imbalances.

  Content Type(s): Staff research, Staff working papers Topic(s): Exchange rates, International topics JEL Code(s): F, F3, F4