March 25, 2022
Labour markets
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Job Ladder and Business Cycles
During downturns, workers get stuck in low-productivity jobs and wages remain stagnant. I build an heterogenous agent incomplete market model with a full job ladder that accounts for these facts. An adverse financial shock calibrated to the US Great Recession replicates the period’s slow recovery and missing disinflation. -
The Impact of Globalization and Digitalization on the Phillips Curve
Globalization is in retreat, yet digitalization is on the rise. How will these trends impact inflation? -
February 9, 2022
The role of Canadian business in fostering non-inflationary growth
Governor Tiff Macklem discusses how business investment and stronger productivity are vital to sustaining non-inflationary economic growth. -
February 9, 2022
Producing growth with less inflation
Governor Tiff Macklem discusses how—by investing in technology and people—businesses can help the economy grow more with less inflation.
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