How well can a cryptocurrency serve as a means of payment? Cryptocurrencies need to overcome double‐spending by costly mining and by delaying settlement. We formalize thi[...]

We analyse monetary policy in a model where temporary shocks can permanently scar the economy’s productive capacity. Workers lose skill while unemployed and are costly to[...]

We present an incomplete markets model to understand the costs and benefits of increasing government debt when an increased demand for safety pushes the natural rate of i[...]

Replication Data and Code for: "The Economics of Cryptocurrencies -- Bitcoin and Beyond"

Replication data for peer-reviewed article published in Canadian Journal [...]

Replication package contains programs and data required to reproduce all figures of Online Appendices L and M of article "Slow Recoveries and Unemployment Traps: Monetary[...]

Andrade et al. analyze the data from a large panel of firms and show how sector-specific shocks erroneously influence firms’ outlooks about the aggregate economy. This pa[...]

This paper studies the international transmission of monetary policy through banks in small open economies using the examples of Switzerland and Canada. We assess the inw[...]

It has recently been suggested that price-level targeting (PLT) may be a superior approach to monetary policy than inflation targeting (IT) due to its ability to automati[...]

Using a factor model, I estimate a global Phillips curve for 25 advanced countries over 1995Q1-2013Q3. I find that the inclusion of household inflation expectations in th[...]

This report provides a detailed technical description of an updated version of the Terms-of-Trade Economic Model (ToTEM II), which replaced ToTEM (Murchison and Rennison [...]