Details about Paul Beaudry

Homepage:	http://www.econ.ubc.ca/beaudry/homepage.htm
Phone:	604-822-8624
Postal address:	Department of Economics, UBC 1873 East Mall, Vancouver, BC, Canada, V6T 1Z1
Workplace:	Vancouver School of Economics, University of British Columbia, (more information at EDIRC) National Bureau of Economic Research (NBER), (more information at EDIRC)

Access statistics for papers by Paul Beaudry.

Last updated 2023-03-11. Update your information in the RePEc Author Service.

Short-id: pbe35

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Working Papers

2025

1. On the Fragility of the Nonlinear Phillips Curve View of Recent Inflation
   NBER Working Papers, National Bureau of Economic Research, Inc

2024

2. Asset Demand and Real Interest Rates
   NBER Working Papers, National Bureau of Economic Research, Inc
3. Dynamic Identification in VARs
   NBER Working Papers, National Bureau of Economic Research, Inc
4. How Do Strategic Complementarity and Substitutability Shape Equilibrium Dynamics?
   NBER Working Papers, National Bureau of Economic Research, Inc
5. Life-cycle Forces make Monetary Policy Transmission Wealth-centric
   NBER Working Papers, National Bureau of Economic Research, Inc
6. Neural Network Learning for Nonlinear Economies
   Discussion Papers, Centre for Macroeconomics (CFM)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2024)
7. The Dominant Role of Expectations and Broad-Based Supply Shocks in Driving Inflation
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
   See also Chapter The Dominant Role of Expectations and Broad-Based Supply Shocks in Driving Inflation, NBER Chapters, National Bureau of Economic Research, Inc (2024) View citations (2) (2024)

2023

8. Gazing at r-star: A Hysteresis Perspective
   Staff Working Papers, Bank of Canada View citations (1)
9. The Central Bank's Dilemma: Look Through Supply Shocks or Control Inflation Expectations?
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)

2022

10. Looking Through Supply Shocks versus Controlling Inflation Expectations: Understanding the Central Bank Dilemma
    Staff Working Papers, Bank of Canada View citations (6)

2021

11. Monetary Policy, Trends in Real Interest Rates and Depressed Demand
    Staff Working Papers, Bank of Canada View citations (14)

2019

12. Duration Dependence in US Expansions: A re-examination of the evidence
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (8)
    See also Journal Article Duration dependence in US expansions: A re-examination of the evidence, Economics Letters, Elsevier (2019) View citations (8) (2019)

2018

13. Inflation Targeting Consequences for Exchange Rates
    2018 Meeting Papers, Society for Economic Dynamics
14. On the Macroeconomic Consequences of Over-Optimism
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
15. Real Keynesian Models and Sticky Prices
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2018) View citations (2)
    2018 Meeting Papers, Society for Economic Dynamics (2018) View citations (2)

2017

16. Putting the Cycle Back into Business Cycle Analysis
    2017 Meeting Papers, Society for Economic Dynamics View citations (1)
    Also in TSE Working Papers, Toulouse School of Economics (TSE) (2016) View citations (19)
    NBER Working Papers, National Bureau of Economic Research, Inc (2016) View citations (9)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2016) View citations (9)
    See also Journal Article Putting the Cycle Back into Business Cycle Analysis, American Economic Review, American Economic Association (2020) View citations (95) (2020)

2016

17. Is the Macroeconomy Locally Unstable and Why Should We Care?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
    Also in TSE Working Papers, Toulouse School of Economics (TSE) (2016) View citations (9)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2016) View citations (9)
    2016 Meeting Papers, Society for Economic Dynamics (2016) View citations (9)
    See also Chapter Is the Macroeconomy Locally Unstable and Why Should We Care?, NBER Chapters, National Bureau of Economic Research, Inc (2016) View citations (9) (2016)
    Journal Article Is the Macroeconomy Locally Unstable and Why Should We Care?, NBER Macroeconomics Annual, University of Chicago Press (2017) View citations (22) (2017)
18. Reconciling Hayek's and Keynes' Views of Recessions
    TSE Working Papers, Toulouse School of Economics (TSE)
    Also in 2015 Meeting Papers, Society for Economic Dynamics (2015)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014) View citations (6)
    NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (43)
    See also Journal Article Reconciling Hayek’s and Keynes’ Views of Recessions, The Review of Economic Studies, Review of Economic Studies Ltd (2018) View citations (2) (2018)
19. Reviving the limit cycle view of macroeconomic fluctuations
    2016 Meeting Papers, Society for Economic Dynamics View citations (2)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2015) View citations (33)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2015) View citations (29)
20. When is Nonfundamentalness in SVARs A Real Problem?
    TSE Working Papers, Toulouse School of Economics (TSE) View citations (6)
    See also Journal Article When is Nonfundamentalness in SVARs a Real Problem?, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2019) View citations (15) (2019)

2015

21. When is Nonfundamentalness in VARs A Real Problem? An Application to News Shocks
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (36)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2015) View citations (35)

2014

22. In Search of Labor Demand
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
    See also Journal Article In Search of Labor Demand, American Economic Review, American Economic Association (2018) View citations (20) (2018)
23. News Driven Business Cycles: Insights and Challenges
    2014 Meeting Papers, Society for Economic Dynamics View citations (179)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2013) View citations (26)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2013) View citations (25)
    See also Journal Article News-Driven Business Cycles: Insights and Challenges, Journal of Economic Literature, American Economic Association (2014) View citations (187) (2014)
24. Reexamining the Cyclical Behavior of the Relative Price of Investment
    NBER Working Papers, National Bureau of Economic Research, Inc
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014) View citations (3)
    See also Journal Article Reexamining the cyclical behavior of the relative price of investment, Economics Letters, Elsevier (2015) View citations (14) (2015)

2013

25. Comparing two methods for the identification of news shocks
    ZEW Discussion Papers, ZEW - Leibniz Centre for European Economic Research View citations (2)
26. Spatial Equilibrium with Unemployment and Wage Bargaining: Theory and Estimation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    See also Journal Article Spatial equilibrium with unemployment and wage bargaining: Theory and estimation, Journal of Urban Economics, Elsevier (2014) View citations (59) (2014)
27. The Great Reversal in the Demand for Skill and Cognitive Tasks
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (78)
    Also in STICERD - Public Economics Programme Discussion Papers, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE (2013) View citations (71)
    See also Journal Article The Great Reversal in the Demand for Skill and Cognitive Tasks, Journal of Labor Economics, University of Chicago Press (2016) View citations (224) (2016)
    Chapter The Great Reversal in the Demand for Skill and Cognitive Tasks, NBER Chapters, National Bureau of Economic Research, Inc (2013) View citations (75) (2013)
28. The New "Normal" for Interest Rates in Canada: The Implications of Long-Term Shifts in Global Saving and Investment
    e-briefs, C.D. Howe Institute View citations (2)
29. Understanding Non-Inflationary Demand Driven Business Cycles
    2013 Meeting Papers, Society for Economic Dynamics View citations (4)
    See also Journal Article Understanding Noninflationary Demand-Driven Business Cycles, NBER Macroeconomics Annual, University of Chicago Press (2014) View citations (4) (2014)
    Chapter Understanding Noninflationary Demand-Driven Business Cycles, NBER Chapters, National Bureau of Economic Research, Inc (2013) View citations (7) (2013)

2012

30. A gains from trade perspective on macroeconomic fluctuations
    ZEW Discussion Papers, ZEW - Leibniz Centre for European Economic Research
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2011) View citations (4)
    NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (4)
31. Do Male-Female Wage Differentials Reflect Differences in the Return to Skill? Cross-City Evidence From 1980-2000
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    See also Journal Article Do Male-Female Wage Differentials Reflect Differences in the Return to Skill? Cross-City Evidence from 1980-2000, American Economic Journal: Applied Economics, American Economic Association (2014) View citations (85) (2014)

2011

32. Do Mood Swings Drive Business Cycles and is it Rational?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (96)
    Also in Globalization Institute Working Papers, Federal Reserve Bank of Dallas (2011) View citations (61)

2010

33. How Much Is Employment Increased by Cutting Labor Costs? Estimating the Elasticity of Job Creation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)

2009

34. Letting Different Views about Business Cycles Compete
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (94)
    See also Chapter Letting Different Views about Business Cycles Compete, NBER Chapters, National Bureau of Economic Research, Inc (2010) View citations (76) (2010)
35. Modeling News-Driven International Business Cycles
    TSE Working Papers, Toulouse School of Economics (TSE) View citations (11)
    See also Journal Article Modeling News-Driven International Business Cycles, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2011) View citations (34) (2011)
36. News Driven Business Cycles in Heterogenous Agents Economies
    2009 Meeting Papers, Society for Economic Dynamics
37. Risk Allocation, Debt Fueled Expansion and Financial Crisis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)

2007

38. Spill-Overs from Good Jobs
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
39. The Economics of Inefficient Technology Use
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
40. The International Propagation of News Shocks
    2007 Meeting Papers, Society for Economic Dynamics View citations (21)

2006

41. Endogenous Skill Bias in Technology Adoption: City-Level Evidence from the IT Revolution
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (53)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2006) View citations (38)
42. Gold Rush Fever in Business Cycles
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
    Also in 2006 Meeting Papers, Society for Economic Dynamics (2006) View citations (11)
    See also Journal Article Gold rush fever in business cycles, Journal of Monetary Economics, Elsevier (2011) View citations (28) (2011)
43. Taxes and Employment Subsidies in Optimal Redistribution Programs
    Economic Research Papers, University of Warwick - Department of Economics View citations (6)
    Also in CEPREMAP Working Papers (Couverture Orange), CEPREMAP (1997)
    Economic Research Papers, University of Warwick - Department of Economics (2004) View citations (5)
    NBER Working Papers, National Bureau of Economic Research, Inc (1998) View citations (13)
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics (2004) View citations (9)
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics (2006) View citations (13)
    Economic Research Papers, University of Warwick - Department of Economics (2004) View citations (5)
    See also Journal Article Taxes and Employment Subsidies in Optimal Redistribution Programs, American Economic Review, American Economic Association (2009) View citations (49) (2009)
44. Taxes and Employment Subsidies in Optimal Redistribution Programs (Revised Version)
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics View citations (4)

2005

45. Managerial Skill Acquisition and the Theory of Economic Development
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    See also Journal Article Managerial Skills Acquisition and the Theory of Economic Development, The Review of Economic Studies, Review of Economic Studies Ltd (2010) View citations (25) (2010)
46. Stock Prices, Total Factor Productivity and Economic Fluctuations; Some Further Evidence from Japanese and U.S. Sectoral Data
    2005 Meeting Papers, Society for Economic Dynamics View citations (3)
47. The "News" View of Economic Fluctuations: Evidence from Aggregate Japanese Data and Sectoral U.S. Data
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (42)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2005) View citations (39)
    See also Journal Article The "news view" of economic fluctuations: Evidence from aggregate Japanese data and sectoral US data, Journal of the Japanese and International Economies, Elsevier (2005) View citations (39) (2005)

2004

48. Changes in the world distribution of output-per-worker 1960-98: how a standard decomposition tells an unorthodox story
    IFS Working Papers, Institute for Fiscal Studies
    Also in IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse (2003)
49. Globalization, Returns to Accumulationa and the World Distribution of Output
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article Globalization, returns to accumulation and the world distribution of output, Journal of Monetary Economics, Elsevier (2006) View citations (10) (2006)
50. Stock Prices, News and Economic Fluctuations
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (33)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2003) View citations (17)
    IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse (2003) View citations (48)
    See also Journal Article Stock Prices, News, and Economic Fluctuations, American Economic Review, American Economic Association (2006) View citations (624) (2006)
    Chapter Stock Prices, News and Economic Fluctuations, NBER Chapters, National Bureau of Economic Research, Inc (2004) View citations (25) (2004)
51. When Can Changes in Expectations Cause Business Cycle Fluctuations in Neo-Classical Settings?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (14)
    Also in IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse (2004) View citations (16)
    NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations (27)
    See also Journal Article When can changes in expectations cause business cycle fluctuations in neo-classical settings?, Journal of Economic Theory, Elsevier (2007) View citations (213) (2007)
52. When Can Changes in Expectations Cause Business Cycle Fluctuations?
    2004 Meeting Papers, Society for Economic Dynamics View citations (29)

2003

53. Globalization, Gains from Specialization and the World Distribution of Output
    IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse
54. Recent Technological and Economic Change among Industrialized Countries: Insights from Population Growth
    IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse View citations (15)
    See also Journal Article Recent Technological and Economic Change among Industrialized Countries: Insights from Population Growth, Scandinavian Journal of Economics, Wiley Blackwell (2003) View citations (15) (2003)
55. The Employment-Productivity Tradeoff around the 1980s: A Case for Medium Run Theory
    IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse View citations (1)

2002

56. Changes in U.S. Wages 1976-2000: Ongoing Skill Bias or Major Technological Change?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
    See also Journal Article Changes in U.S. Wages, 19762000: Ongoing Skill Bias or Major Technological Change?, Journal of Labor Economics, University of Chicago Press (2005) View citations (34) (2005)
57. Data Appendix to The French Depression in the 1930s
    Online Appendices, Review of Economic Dynamics View citations (17)
    See also Journal Article The French Depression in the 1930s, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2002) View citations (26) (2002)
58. Decomposing the Twin-peaks in the World Distribution of Output-per-worker
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
59. Why has the Employment-Productivity Tradeoff among Industrialized Countries been so strong?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (36)

2001

60. An Exploration into Pigou's Theory of Cycles
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (9)
    See also Journal Article An exploration into Pigou's theory of cycles, Journal of Monetary Economics, Elsevier (2004) View citations (312) (2004)
61. Population Growth, Technological Adoption and Economic Outcomes: A Theory of Cross-Country Differences for the Information Era
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)

2000

62. The Changing Structure of Wages in the US and Germany: What Explains the Differences?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (32)
63. What Happened to the Phillips Curve in the 1990s in Canada
    Staff General Research Papers Archive, Iowa State University, Department of Economics View citations (25)

1999

64. Evolution of the Female Labour Force Participation Rate in Canada, 1976-1994
    CIRANO Project Reports, CIRANO View citations (27)
65. Is it Harmful to Allow partial Cooperation ?
    Working Papers, Center for Research in Economics and Statistics
    See also Journal Article Is it Harmful to Allow Partial Cooperation?, Scandinavian Journal of Economics, Wiley Blackwell (2000) View citations (14) (2000)
66. What Is Happening in the Youth Labour Market in Canada?
    CIRANO Working Papers, CIRANO View citations (4)
    See also Journal Article What is Happening in the Youth Labour Market in Canada?, Canadian Public Policy, University of Toronto Press (2000) View citations (12) (2000)

1998

67. L'évolution du taux d'activité des femmes au Canada, 1976-1994: Une analyse de cohortes
    CIRANO Working Papers, CIRANO
68. What is Driving US and Canadian Wages: Exogenous Technical Change or Endogenous Choice of Technique?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (38)

1997

69. Cohort Patterns in Canadian Earnings: Assessing the Role of Skill Premia in Inequality Trends
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (26)
    See also Journal Article Cohort patterns in Canadian earnings: assessing the role of skill premia in inequality trends, Canadian Journal of Economics, Canadian Economics Association (2000) View citations (112) (2000)

1996

70. Monetary Instability, the Predictability of Prices and the Allocation of Investment: An Empirical Investigation Using UK Panel Data
    Boston College Working Papers in Economics, Boston College Department of Economics View citations (2)
    See also Journal Article Monetary Instability, the Predictability of Prices, and the Allocation of Investment: An Empirical Investigation Using U.K. Panel Data, American Economic Review, American Economic Association (2001) View citations (81) (2001)

1994

71. Trends and Cycle Variations in the Cross-Sectional Distribution of Debt for U.K. Companies: Some Stylized Facts
    Boston College Working Papers in Economics, Boston College Department of Economics

1993

72. Contract Renegotiation: A Simple Framework and Implications for Organization Theory
    Cahiers de recherche, Centre interuniversitaire de recherche en économie quantitative, CIREQ
    See also Journal Article Contract Renegotiation: A Simple Framework and Implications for Organization Theory, Canadian Journal of Economics, Canadian Economics Association (1995) View citations (52) (1995)

1992

73. Alternative Specifications for Consumption and the Estimation of the Intertemporal Elasticity of Substitution
    Working Papers, Boston University - Department of Economics View citations (6)
    Also in Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis (1992) View citations (5)
74. Le role du collateral dans le report des investissements en presence d'asymetries d'information
    Cahiers de recherche, Universite de Montreal, Departement de sciences economiques View citations (1)
    Also in Cahiers de recherche, Centre interuniversitaire de recherche en économie quantitative, CIREQ (1992)
    See also Journal Article Le rôle du collatéral dans le report des investissements en présence d’asymétries d’information, L'Actualité Economique, Société Canadienne de Science Economique (1993) (1993)
75. The Commitment Value of Contracts Under Dynamic Renegotiation
    Cahiers de recherche, Universite de Montreal, Departement de sciences economiques
    Also in Cahiers de recherche, Centre interuniversitaire de recherche en économie quantitative, CIREQ (1992)
    See also Journal Article The Commitment Value of Contracts under Dynamic Renegotiation, RAND Journal of Economics, The RAND Corporation (1994) View citations (4) (1994)

1990

76. COMPETITIVE SCREENING IN FINANCIAL MARKET WHEN BORROWERS CAN RECONTRACT
    Cahiers de recherche, Centre interuniversitaire de recherche en économie quantitative, CIREQ View citations (1)
    Also in Cahiers de recherche, Universite de Montreal, Departement de sciences economiques (1990) View citations (3)
    See also Journal Article Competitive Screening in Financial Markets when Borrowers can Recontract, The Review of Economic Studies, Review of Economic Studies Ltd (1995) View citations (13) (1995)
77. SIGNALLING AND RENEGOTIATION IN COMPETITIVE CONTRACTUAL MARKETS
    Cahiers de recherche, Centre interuniversitaire de recherche en économie quantitative, CIREQ
    Also in Cahiers de recherche, Universite de Montreal, Departement de sciences economiques (1990)

1989

78. ENTRY WAGES SIGNALING FUTURE WAGES: THEORY AND EVIDENCE ON THE RELATIONSHIP BETWEEN FIRM-SPECIFIC CAPITAL, WAGE PROFILES AND JOB RATIONING
    Cahiers de recherche, Centre interuniversitaire de recherche en économie quantitative, CIREQ View citations (1)
    Also in Cahiers de recherche, Universite de Montreal, Departement de sciences economiques (1989)
79. JOB RATIONING WITH COMPLETE CONTRACTS: AN INFORMED- PRINCIPAL APPROACH
    Cahiers de recherche, Centre interuniversitaire de recherche en économie quantitative, CIREQ
    Also in Cahiers de recherche, Universite de Montreal, Departement de sciences economiques (1989)
80. Long-Term Contracts and Equilibrium Models of the Labor Market: Some Favorable Evidence
    Working Papers, Princeton University, Department of Economics, Industrial Relations Section. View citations (1)

Journal Articles

2020

1. Putting the Cycle Back into Business Cycle Analysis
   American Economic Review, 2020, 110, (1), 1-47 View citations (95)
   See also Working Paper Putting the Cycle Back into Business Cycle Analysis, 2017 Meeting Papers (2017) View citations (1) (2017)

2019

2. Duration dependence in US expansions: A re-examination of the evidence
   Economics Letters, 2019, 183, (C), - View citations (8)
   See also Working Paper Duration Dependence in US Expansions: A re-examination of the evidence, CEPR Discussion Papers (2019) View citations (8) (2019)
3. When is Nonfundamentalness in SVARs a Real Problem?
   Review of Economic Dynamics, 2019, 34, 221-243 View citations (15)
   See also Software Item Code and data files for "When is Nonfundamentalness in SVARs a Real Problem?", Computer Codes (2019) (2019)
   Working Paper When is Nonfundamentalness in SVARs A Real Problem?, TSE Working Papers (2016) View citations (6) (2016)

2018

4. In Search of Labor Demand
   American Economic Review, 2018, 108, (9), 2714-57 View citations (20)
   See also Working Paper In Search of Labor Demand, NBER Working Papers (2014) View citations (14) (2014)
5. Reconciling Hayek’s and Keynes’ Views of Recessions
   The Review of Economic Studies, 2018, 85, (1), 119-156 View citations (2)
   See also Working Paper Reconciling Hayek's and Keynes' Views of Recessions, TSE Working Papers (2016) (2016)

2017

6. Canadian inflation targeting
   Canadian Journal of Economics, 2017, 50, (5), 1556-1572 View citations (10)
7. Is the Macroeconomy Locally Unstable and Why Should We Care?
   NBER Macroeconomics Annual, 2017, 31, (1), 479 - 530 View citations (22)
   See also Chapter Is the Macroeconomy Locally Unstable and Why Should We Care?, NBER Chapters, 2016, 479-530 (2016) View citations (9) (2016)
   Working Paper Is the Macroeconomy Locally Unstable and Why Should We Care?, NBER Working Papers (2016) View citations (9) (2016)

2016

8. The Great Reversal in the Demand for Skill and Cognitive Tasks
   Journal of Labor Economics, 2016, 34, (S1), S199 - S247 View citations (224)
   See also Chapter The Great Reversal in the Demand for Skill and Cognitive Tasks, NBER Chapters, 2013, 199-247 (2013) View citations (75) (2013)
   Working Paper The Great Reversal in the Demand for Skill and Cognitive Tasks, NBER Working Papers (2013) View citations (78) (2013)

2015

9. Reexamining the cyclical behavior of the relative price of investment
   Economics Letters, 2015, 135, (C), 108-111 View citations (14)
   See also Working Paper Reexamining the Cyclical Behavior of the Relative Price of Investment, NBER Working Papers (2014) (2014)

2014

10. Do Male-Female Wage Differentials Reflect Differences in the Return to Skill? Cross-City Evidence from 1980-2000
    American Economic Journal: Applied Economics, 2014, 6, (2), 178-94 View citations (85)
    See also Working Paper Do Male-Female Wage Differentials Reflect Differences in the Return to Skill? Cross-City Evidence From 1980-2000, NBER Working Papers (2012) View citations (5) (2012)
11. News-Driven Business Cycles: Insights and Challenges
    Journal of Economic Literature, 2014, 52, (4), 993-1074 View citations (187)
    See also Working Paper News Driven Business Cycles: Insights and Challenges, 2014 Meeting Papers (2014) View citations (179) (2014)
12. Spatial equilibrium with unemployment and wage bargaining: Theory and estimation
    Journal of Urban Economics, 2014, 79, (C), 2-19 View citations (59)
    See also Working Paper Spatial Equilibrium with Unemployment and Wage Bargaining: Theory and Estimation, NBER Working Papers (2013) View citations (2) (2013)
13. The Allocation of Aggregate Risk, Secondary Market Trades, and Financial Boom–Bust Cycles
    Journal of Money, Credit and Banking, 2014, 46, (1), 1-42 View citations (3)
14. The Declining Fortunes of the Young since 2000
    American Economic Review, 2014, 104, (5), 381-86 View citations (51)
15. Understanding Noninflationary Demand-Driven Business Cycles
    NBER Macroeconomics Annual, 2014, 28, (1), 69 - 130 View citations (4)
    See also Working Paper Understanding Non-Inflationary Demand Driven Business Cycles, 2013 Meeting Papers (2013) View citations (4) (2013)
    Chapter Understanding Noninflationary Demand-Driven Business Cycles, NBER Chapters, 2013, 69-130 (2013) View citations (7) (2013)

2012

16. Does Industrial Composition Matter for Wages? A Test of Search and Bargaining Theory
    Econometrica, 2012, 80, (3), 1063-1104 View citations (139)

2011

17. Comment
    NBER International Seminar on Macroeconomics, 2011, 7, (1), 235 - 240
18. Gold rush fever in business cycles
    Journal of Monetary Economics, 2011, 58, (2), 84-97 View citations (28)
    See also Working Paper Gold Rush Fever in Business Cycles, NBER Working Papers (2006) View citations (14) (2006)
19. Modeling News-Driven International Business Cycles
    Review of Economic Dynamics, 2011, 14, (1), 72-91 View citations (34)
    See also Working Paper Modeling News-Driven International Business Cycles, TSE Working Papers (2009) View citations (11) (2009)

2010

20. Managerial Skills Acquisition and the Theory of Economic Development
    The Review of Economic Studies, 2010, 77, (1), 90-126 View citations (25)
    See also Working Paper Managerial Skill Acquisition and the Theory of Economic Development, NBER Working Papers (2005) View citations (1) (2005)
21. Should the Personal Computer Be Considered a Technological Revolution? Evidence from U.S. Metropolitan Areas
    Journal of Political Economy, 2010, 118, (5), 988 - 1036 View citations (187)

2009

22. Taxes and Employment Subsidies in Optimal Redistribution Programs
    American Economic Review, 2009, 99, (1), 216-42 View citations (49)
    See also Working Paper Taxes and Employment Subsidies in Optimal Redistribution Programs, Economic Research Papers (2006) View citations (6) (2006)

2007

23. When can changes in expectations cause business cycle fluctuations in neo-classical settings?
    Journal of Economic Theory, 2007, 135, (1), 458-477 View citations (213)
    See also Working Paper When Can Changes in Expectations Cause Business Cycle Fluctuations in Neo-Classical Settings?, CEPR Discussion Papers (2004) View citations (14) (2004)

2006

24. Globalization, returns to accumulation and the world distribution of output
    Journal of Monetary Economics, 2006, 53, (5), 879-909 View citations (10)
    See also Working Paper Globalization, Returns to Accumulationa and the World Distribution of Output, NBER Working Papers (2004) (2004)
25. Mondialisation et disparité de revenus
    L'Actualité Economique, 2006, 82, (4), 477-504
26. Stock Prices, News, and Economic Fluctuations
    American Economic Review, 2006, 96, (4), 1293-1307 View citations (624)
    See also Chapter Stock Prices, News and Economic Fluctuations, NBER Chapters, 2004 (2004) View citations (25) (2004)
    Working Paper Stock Prices, News and Economic Fluctuations, NBER Working Papers (2004) View citations (33) (2004)

2005

27. Changes in U.S. Wages, 19762000: Ongoing Skill Bias or Major Technological Change?
    Journal of Labor Economics, 2005, 23, (3), 609-648 View citations (34)
    See also Working Paper Changes in U.S. Wages 1976-2000: Ongoing Skill Bias or Major Technological Change?, NBER Working Papers (2002) View citations (11) (2002)
28. Changes in the World Distribution of Output Per Worker, 1960-1998: How a Standard Decomposition Tells an Unorthodox Story
    The Review of Economics and Statistics, 2005, 87, (4), 741-753 View citations (23)
29. Demographics and recent productivity performance: insights from cross-country comparisons
    Canadian Journal of Economics, 2005, 38, (2), 309-344 View citations (18)
30. Explaining Productivity Growth: The Role of Demographics
    International Productivity Monitor, 2005, 10, 45-58 View citations (6)
31. Innis Lecture: Explorations in medium-run macroeconomics
    Canadian Journal of Economics, 2005, 38, (4), 1136-1159 View citations (6)
32. The "news view" of economic fluctuations: Evidence from aggregate Japanese data and sectoral US data
    Journal of the Japanese and International Economies, 2005, 19, (4), 635-652 View citations (39)
    See also Working Paper The "News" View of Economic Fluctuations: Evidence from Aggregate Japanese Data and Sectoral U.S. Data, NBER Working Papers (2005) View citations (42) (2005)

2004

33. An exploration into Pigou's theory of cycles
    Journal of Monetary Economics, 2004, 51, (6), 1183-1216 View citations (312)
    See also Working Paper An Exploration into Pigou's Theory of Cycles, CEPR Discussion Papers (2001) View citations (9) (2001)

2003

34. An equilibrium analysis of information aggregation and fluctuations in markets with discrete decisions
    Journal of Economic Theory, 2003, 113, (1), 76-103 View citations (3)
35. Recent Technological and Economic Change among Industrialized Countries: Insights from Population Growth
    Scandinavian Journal of Economics, 2003, 105, (3), 441-464 View citations (15)
    See also Working Paper Recent Technological and Economic Change among Industrialized Countries: Insights from Population Growth, IDEI Working Papers (2003) View citations (15) (2003)
36. Wages and Employment in the United States and Germany: What Explains the Differences?
    American Economic Review, 2003, 93, (3), 573-602 View citations (119)

2002

37. Population Growth, Technological Adoption, and Economic Outcomes in the Information Era
    Review of Economic Dynamics, 2002, 5, (4), 749-774 View citations (13)
38. The French Depression in the 1930s
    Review of Economic Dynamics, 2002, 5, (1), 73-99 View citations (26)
    See also Working Paper Data Appendix to The French Depression in the 1930s, Online Appendices (2002) View citations (17) (2002)

2001

39. Monetary Instability, the Predictability of Prices, and the Allocation of Investment: An Empirical Investigation Using U.K. Panel Data
    American Economic Review, 2001, 91, (3), 648-662 View citations (81)
    See also Working Paper Monetary Instability, the Predictability of Prices and the Allocation of Investment: An Empirical Investigation Using UK Panel Data, Boston College Working Papers in Economics (1996) View citations (2) (1996)
40. The cost of business cycles and the stabilization value of unemployment insurance
    European Economic Review, 2001, 45, (8), 1545-1572 View citations (64)

2000

41. Cohort patterns in Canadian earnings: assessing the role of skill premia in inequality trends
    Canadian Journal of Economics, 2000, 33, (4), 907-936 View citations (112)
    See also Working Paper Cohort Patterns in Canadian Earnings: Assessing the Role of Skill Premia in Inequality Trends, NBER Working Papers (1997) View citations (26) (1997)
42. Is it Harmful to Allow Partial Cooperation?
    Scandinavian Journal of Economics, 2000, 102, (1), 1-21 View citations (14)
    See also Working Paper Is it Harmful to Allow partial Cooperation ?, Working Papers (1999) (1999)
43. What is Happening in the Youth Labour Market in Canada?
    Canadian Public Policy, 2000, 26, (s1), 59-83 View citations (12)
    See also Working Paper What Is Happening in the Youth Labour Market in Canada?, CIRANO Working Papers (1999) View citations (4) (1999)

1998

44. Estimating the effects of monetary shocks: An evaluation of different approaches
    Journal of Monetary Economics, 1998, 42, (2), 241-260 View citations (17)

1997

45. Comment on "Short-Run Independence of Monetary Policy under Pegged Exchange Rates."
    Journal of Money, Credit and Banking, 1997, 29, (4), 811-14

1996

46. Le chômage des années 80
    L'Actualité Economique, 1996, 72, (3), 291-304 View citations (1)
47. What do interest rates reveal about the functioning of real business cycle models?
    Journal of Economic Dynamics and Control, 1996, 20, (9-10), 1661-1682 View citations (43)

1995

48. Competitive Screening in Financial Markets when Borrowers can Recontract
    The Review of Economic Studies, 1995, 62, (3), 401-423 View citations (13)
    See also Working Paper COMPETITIVE SCREENING IN FINANCIAL MARKET WHEN BORROWERS CAN RECONTRACT, Cahiers de recherche (1990) View citations (1) (1990)
49. Contract Renegotiation: A Simple Framework and Implications for Organization Theory
    Canadian Journal of Economics, 1995, 28, (2), 302-35 View citations (52)
    See also Working Paper Contract Renegotiation: A Simple Framework and Implications for Organization Theory, Cahiers de recherche (1993) (1993)
50. Is the Behavior of Hours Worked Consistent with Implicit Contract Theory?
    The Quarterly Journal of Economics, 1995, 110, (3), 743-768 View citations (35)
51. Money and the real exchange rate with sticky prices and increasing returns
    Carnegie-Rochester Conference Series on Public Policy, 1995, 43, (1), 55-101 View citations (34)

1994

52. Entry Wages Signalling the Credibility of Future Wages: A Reinterpretation of the Turnover-Efficiency-Wage Model
    Canadian Journal of Economics, 1994, 27, (4), 884-902 View citations (7)
53. The Commitment Value of Contracts under Dynamic Renegotiation
    RAND Journal of Economics, 1994, 25, (4), 501-517 View citations (4)
    See also Working Paper The Commitment Value of Contracts Under Dynamic Renegotiation, Cahiers de recherche (1992) (1992)
54. Why an Informed Principal May Leave Rents to an Agent
    International Economic Review, 1994, 35, (4), 821-32 View citations (39)

1993

55. Do recessions permanently change output?
    Journal of Monetary Economics, 1993, 31, (2), 149-163 View citations (293)
56. Le rôle du collatéral dans le report des investissements en présence d’asymétries d’information
    L'Actualité Economique, 1993, 69, (1), 71-90
    See also Working Paper Le role du collateral dans le report des investissements en presence d'asymetries d'information, Cahiers de recherche (1992) View citations (1) (1992)
57. Signalling and Renegotiation in Contractual Relationships
    Econometrica, 1993, 61, (4), 745-82 View citations (29)

1991

58. The Effect of Implicit Contracts on the Movement of Wages over the Business Cycle: Evidence from Micro Data
    Journal of Political Economy, 1991, 99, (4), 665-88 View citations (436)

Chapters

2024

1. The Dominant Role of Expectations and Broad-Based Supply Shocks in Driving Inflation
   A chapter in NBER Macroeconomics Annual 2024, volume 39, 2024 View citations (2)
   See also Working Paper The Dominant Role of Expectations and Broad-Based Supply Shocks in Driving Inflation, National Bureau of Economic Research, Inc (2024) View citations (2) (2024)

2016

2. Is the Macroeconomy Locally Unstable and Why Should We Care?
   A chapter in NBER Macroeconomics Annual 2016, Volume 31, 2016, pp 479-530 View citations (9)
   See also Journal Article Is the Macroeconomy Locally Unstable and Why Should We Care?, University of Chicago Press (2017) View citations (22) (2017)
   Working Paper Is the Macroeconomy Locally Unstable and Why Should We Care?, National Bureau of Economic Research, Inc (2016) View citations (9) (2016)

2013

3. The Great Reversal in the Demand for Skill and Cognitive Tasks
   A chapter in Labor Markets in the Aftermath of the Great Recession, 2013, pp 199-247 View citations (75)
   See also Working Paper The Great Reversal in the Demand for Skill and Cognitive Tasks, National Bureau of Economic Research, Inc (2013) View citations (78) (2013)
   Journal Article The Great Reversal in the Demand for Skill and Cognitive Tasks, University of Chicago Press (2016) View citations (224) (2016)
4. Understanding Noninflationary Demand-Driven Business Cycles
   A chapter in NBER Macroeconomics Annual 2013, Volume 28, 2013, pp 69-130 View citations (7)
   See also Working Paper Understanding Non-Inflationary Demand Driven Business Cycles, Society for Economic Dynamics (2013) View citations (4) (2013)
   Journal Article Understanding Noninflationary Demand-Driven Business Cycles, University of Chicago Press (2014) View citations (4) (2014)

2010

5. Comment on "Pigou Cycles in Closed and Open Economies with Matching Frictions"
   A chapter in NBER International Seminar on Macroeconomics 2010, 2010, pp 235-240
6. Letting Different Views about Business Cycles Compete
   A chapter in NBER Macroeconomics Annual 2009, Volume 24, 2010, pp 413-455 View citations (76)
   See also Working Paper Letting Different Views about Business Cycles Compete, National Bureau of Economic Research, Inc (2009) View citations (94) (2009)

2004

7. Stock Prices, News and Economic Fluctuations
   A chapter in Enhancing Productivity (NBER-CEPR-TCER-Keio conference), 2004 View citations (25)
   See also Working Paper Stock Prices, News and Economic Fluctuations, National Bureau of Economic Research, Inc (2004) View citations (33) (2004)
   Journal Article Stock Prices, News, and Economic Fluctuations, American Economic Association (2006) View citations (624) (2006)

1999

8. Evolution of the Female Labour Force Participation Rate in Canada, 1976-1994: a Cohort Analysis
   A chapter in A Symposium on Canadian Labour Force Participation in the 1990s (Special Issue of Canadian Business Economics, Volume 7, Number 2, May 1999), 1999, pp 57-70 View citations (24)

Software Items

2019

1. Code and data files for "When is Nonfundamentalness in SVARs a Real Problem?"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article When is Nonfundamentalness in SVARs a Real Problem?, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2019) View citations (15) (2019)

2010

2. Code files for "Modeling News-Driven International Business Cycles"
   Computer Codes, Review of Economic Dynamics