Weakness in Non-Commodity Exports : Demand Versus Supply Factors Cover Image

E-book

Weakness in Non-Commodity Exports : Demand Versus Supply Factors / José Dorich.

Dorich, José. (Added Author). Lepetyuk, Vadym. (Added Author). Swarbrick, Jonathan. (Added Author). Canadian Electronic Library (Firm) (distributor.).

Summary:

'We use the Terms-of-Trade Economic Model (ToTEM) to conduct demand0 and supply-driven simulations, both of which deliver weakness in Canadian non-commodity exports relative to foreign activity in line with recent data. We then compare the predictions of the simulations with observed outcomes to shed light on the source of weakness in non-commodity exports. Our results suggest that demand factors, such as competitiveness challenges, likely play a dominant role in explaining the recent weakness in non-commodity exports. The simulations also reveal that a monetary policy response is required, independent of the source of the weakness in non-commodity exports.'

Record details

ISSN: 2369-9639
Physical Description: 1 online resource (12 pages).
Publisher: Ottawa, ON, CA: Bank of Canada, 2018.

Content descriptions

General Note:	Issued as part of the desLibris documents collection.
Restrictions on Access Note:	Access restricted to authorized users and institutions.
Type of Computer File or Data Note:	Electronic monograph in PDF format.
System Details Note:	Mode of access: World Wide Web.