4 Works

Exchange Rate Pass-Through, Currency of Invoicing and Market Share

Michael B. Devereux, Wei Dong & Ben Tomlin
This paper investigates the impact of market structure on the joint determination of exchange rate pass-through and currency of invoicing in international trade. A novel feature of the study is the focus on market share of firms on both sides of the market—that is, exporting firms and importing firms. A model of monopolistic competition with heterogeneous firms has the following set of predictions: a) exchange rate pass-through should be non-monotonic and U-shaped in the market...

Rock the Boat

Michael Lee, Matthew Smithdeal, Tala Maragha & Susan Cox
Rock the Boat is an open-access multimedia resource designed to provoke dialogue about graduate supervision relationships within universities, and their impact on student and faculty wellbeing. Drawing upon the tradition of Research-based Theatre, Rock the Boat draws attention to graduate supervision as a vital form of pedagogy, and as rife with challenges — especially relating to equity, inclusion and diversity.

Sheltered Income: Estimating Income Under-Reporting in Canada, 1998 and 2004

Geoffrey Dunbar & Chunling Fu
We use data from the Survey of Financial Security and the Survey of Household Spending to estimate the incidence and extent of income under-reporting in Canada in 1998 and 2004. We estimate that the proportion of households under-reporting income is roughly 35 to 50 per cent in both years. Our estimates also suggest that the amount of under-reported income rose by roughly 40 per cent between 1998 and 2004 and remained stable as a proportion...

Predetermined Prices and the Persistent Effects of Money on Output

Michael B. Devereux & James Yetman
This paper illustrates a model of predetermined pricing, where firms set a fixed schedule of nominal prices at the time of price readjustment, based on the work of Fischer (1977). This type of price-setting specification cannot produce any excess persistence in a fixed-duration model of staggered prices, but we show that with a probabilistic model of price adjustment, as in Calvo (1983), a predetermined pricing specification can produce excess persistence. Moreover, in response to a...

Registration Year

  • 2021

Resource Types

  • Text


  • University of British Columbia
  • Bank of Canada