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Rising consumer prices may reflect shifts by consumers to new higher-priced products, mostly for durable and semi-durable goods. I apply Bils’ (2009) methodology to newly[...]
2013 | Text | Staff Working Paper - Document de travail du personnel |
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This paper constructs a theory of the coexistence of fixed-term and permanent employment contracts in an environment with ex-ante identical workers and employers. Worker[...]
2011 | Text | Staff Working Paper - Document de travail du personnel |
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The generation and implementation of ideas, or knowledge, is crucial for economic performance. We study this process in a model of endogenous growth with frictions. Produ[...]
2011 | Text | Staff Working Paper - Document de travail du personnel |
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4.
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From 1980 until 2007, U.S. average hours worked increased by thirteen percent, due to a large increase in female hours. At the same time, the U.S. labor wedge, measured a[...]
2010 | Text | Staff Working Paper - Document de travail du personnel |
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5.
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We estimate a New Keynesian general-equilibrium open economy model to examine how changes in oil prices affect the macroeconomy. Our model allows oil price changes to be [...]
2009 | Text | Staff Working Paper - Document de travail du personnel |
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6.
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This paper analyses the Canadian economy for the post 1960 period. It uses an accounting procedure developed in Chari, Kehoe, and McGrattan (2006). The procedure identifi[...]
2008 | Text | Staff Working Paper - Document de travail du personnel |
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This paper asks: What is the effect of government policy on output and inequality in an environment with education and labor-supply decisions? The answer is given in a ge[...]
2007 | Text | Staff Working Paper - Document de travail du personnel |
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Dans cette étude, l'auteur présente les principaux résultats de l'application d'une nouvelle méthode d'estimation du PIB potentiel britannique. Cette méthode est fondée s[...]
2004 | Texte | Document de travail du personnel - Staff Working Paper |
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9.
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The author evaluates the ability of a variety of output-gap estimators to accurately measure the output gap in a model economy. A small estimated model of the Canadian ec[...]
2003 | Text | Staff Working Paper - Document de travail du personnel |
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10.
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This paper shows how existing band-pass filtering techniques and their extension can be applied to the common current-analysis problem of estimating current trends or cyc[...]
2002 | Text | Staff Working Paper - Document de travail du personnel |
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