Using household-level data from the Canadian Survey of Consumer Expectations over 2014Q4– 2022Q3, we provide insight into the formation of expectations for inflation, wag[...]

We construct a New Monetarist model with labor market search and identify two channels that affect the long-run relationship between inflation and unemployment. First, in[...]

We estimate the link between exchange rate fluctuations and the labour input of Canadian manufacturing industries. The analysis is based on a dynamic model of labour dema[...]

This paper considers a real business cycle model with labor search frictions where two types of incentive pay are explicitly introduced following the insights from the mi[...]

This paper discusses broad trends in labour force participation and part-time employment across different age groups since the Great Recession and uses provincial data to[...]

Tax-deferred saving accounts (TDA) are systematically used in many countries. In the United States, households’ access to TDA exhibits substantial heterogeneity: 401(k) h[...]

Are business cycles mainly a response to persistent exogenous shocks, or do they instead reflect a strong endogenous mechanism which produces recurrent boom-bust phenomen[...]

A key question that has arisen during recent debates is whether government spending multipliers are larger during times when resources are idle. This paper seeks to shed [...]

We study the cyclical dynamics of the value of a vacant position in labor markets characterized by search and matching frictions. We present a model of aggregate fluctuat[...]

From 1961 to 2007, U.S. aggregate hours worked increased and the labor wedge-measured as the discrepancy between a representative household's marginal rate of substitutio[...]