Details about Paul Beaudry

E-mail:
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.

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Working Papers

2023

1. Gazing at r-star: A Hysteresis Perspective
   Staff Working Papers, Bank of Canada

2022

2. Looking Through Supply Shocks versus Controlling Inflation Expectations: Understanding the Central Bank Dilemma
   Staff Working Papers, Bank of Canada View citations (5)

2021

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

2019

4. Duration Dependence in US Expansions: A re-examination of the evidence
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (6)
   See also Journal Article in Economics Letters (2019)

2018

5. Inflation Targeting Consequences for Exchange Rates
   2018 Meeting Papers, Society for Economic Dynamics
6. On the Macroeconomic Consequences of Over-Optimism
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
7. Real Keynesian Models and Sticky Prices
   2018 Meeting Papers, Society for Economic Dynamics View citations (2)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2018) View citations (2)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2018) View citations (2)

2017

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

2016

9. Is the Macroeconomy Locally Unstable and Why Should We Care?
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (9)
   Also in 2016 Meeting Papers, Society for Economic Dynamics (2016) View citations (9)
   NBER Working Papers, National Bureau of Economic Research, Inc (2016) View citations (9)
   TSE Working Papers, Toulouse School of Economics (TSE) (2016) View citations (9)
   See also Journal Article in NBER Macroeconomics Annual (2017)
   Chapter (2016)
10. 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 in Review of Economic Studies (2018)
11. Reviving the limit cycle view of macroeconomic fluctuations
    2016 Meeting Papers, Society for Economic Dynamics View citations (2)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2015) View citations (29)
    NBER Working Papers, National Bureau of Economic Research, Inc (2015) View citations (33)
12. When is Nonfundamentalness in SVARs A Real Problem?
    TSE Working Papers, Toulouse School of Economics (TSE) View citations (6)
    See also Journal Article in Review of Economic Dynamics (2019)

2015

13. 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

14. In Search of Labor Demand
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
    See also Journal Article in American Economic Review (2018)
15. News Driven Business Cycles: Insights and Challenges
    2014 Meeting Papers, Society for Economic Dynamics View citations (162)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2013) View citations (25)
    NBER Working Papers, National Bureau of Economic Research, Inc (2013) View citations (26)
    See also Journal Article in Journal of Economic Literature (2014)
16. Reexamining the Cyclical Behavior of the Relative Price of Investment
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014)
    See also Journal Article in Economics Letters (2015)

2013

17. Comparing two methods for the identification of news shocks
    ZEW Discussion Papers, ZEW - Leibniz Centre for European Economic Research View citations (2)
18. 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 in Journal of Urban Economics (2014)
19. The Great Reversal in the Demand for Skill and Cognitive Tasks
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (76)
    Also in STICERD - Public Economics Programme Discussion Papers, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE (2013) View citations (69)
    See also Chapter (2013)
    Journal Article in Journal of Labor Economics (2016)
20. 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)
21. Understanding Non-Inflationary Demand Driven Business Cycles
    2013 Meeting Papers, Society for Economic Dynamics View citations (4)
    See also Chapter (2013)
    Journal Article in NBER Macroeconomics Annual (2014)

2012

22. A gains from trade perspective on macroeconomic fluctuations
    ZEW Discussion Papers, ZEW - Leibniz Centre for European Economic Research
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (4)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2011) View citations (4)
23. 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 in American Economic Journal: Applied Economics (2014)

2011

24. Do Mood Swings Drive Business Cycles and is it Rational?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (92)
    Also in Globalization Institute Working Papers, Federal Reserve Bank of Dallas (2011) View citations (61)

2010

25. 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

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

2007

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

2006

33. Endogenous Skill Bias in Technology Adoption: City-Level Evidence from the IT Revolution
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (52)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2006) View citations (25)
34. 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 in Journal of Monetary Economics (2011)
35. Taxes and Employment Subsidies in Optimal Redistribution Programs
    Economic Research Papers, University of Warwick - Department of Economics View citations (6)
    Also in 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)
    Economic Research Papers, University of Warwick - Department of Economics (2004) View citations (5)
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics (2004) View citations (9)
    CEPREMAP Working Papers (Couverture Orange), CEPREMAP (1997)
    NBER Working Papers, National Bureau of Economic Research, Inc (1998) View citations (13)
    See also Journal Article in American Economic Review (2009)
36. 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

37. 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 in Review of Economic Studies (2010)
38. 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)
39. 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 in Journal of the Japanese and International Economies (2005)

2004

40. 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)
41. Globalization, Returns to Accumulationa and the World Distribution of Output
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article in Journal of Monetary Economics (2006)
42. Stock Prices, News and Economic Fluctuations
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (33)
    Also in IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse (2003) View citations (47)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2003) View citations (16)
    See also Journal Article in American Economic Review (2006)
    Chapter (2004)
43. When Can Changes in Expectations Cause Business Cycle Fluctuations in Neo-Classical Settings?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (27)
    Also in IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse (2004) View citations (16)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2004) View citations (14)
    See also Journal Article in Journal of Economic Theory (2007)
44. When Can Changes in Expectations Cause Business Cycle Fluctuations?
    2004 Meeting Papers, Society for Economic Dynamics View citations (29)

2003

45. Globalization, Gains from Specialization and the World Distribution of Output
    IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse
46. 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 in Scandinavian Journal of Economics (2003)
47. 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

48. 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 in Journal of Labor Economics (2005)
49. Data Appendix to The French Depression in the 1930s
    Online Appendices, Review of Economic Dynamics View citations (16)
    See also Journal Article in Review of Economic Dynamics (2002)
50. Decomposing the Twin-peaks in the World Distribution of Output-per-worker
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
51. 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

52. An Exploration into Pigou's Theory of Cycles
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (9)
    See also Journal Article in Journal of Monetary Economics (2004)
53. 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

54. 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)
55. 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

56. Evolution of the Female Labour Force Participation Rate in Canada, 1976-1994
    CIRANO Project Reports, CIRANO View citations (27)
57. Is it Harmful to Allow partial Cooperation ?
    Working Papers, Center for Research in Economics and Statistics
    See also Journal Article in Scandinavian Journal of Economics (2000)
58. What Is Happening in the Youth Labour Market in Canada?
    CIRANO Working Papers, CIRANO View citations (4)
    See also Journal Article in Canadian Public Policy (2000)

1998

59. L'évolution du taux d'activité des femmes au Canada, 1976-1994: Une analyse de cohortes
    CIRANO Working Papers, CIRANO
60. 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

61. 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 in Canadian Journal of Economics (2000)

1996

62. 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 in American Economic Review (2001)

1994

63. 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

64. 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 in Canadian Journal of Economics (1995)

1992

65. 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)
66. Le role du collateral dans le report des investissements en presence d'asymetries d'information
    Cahiers de recherche, Centre interuniversitaire de recherche en économie quantitative, CIREQ
    Also in Cahiers de recherche, Universite de Montreal, Departement de sciences economiques (1992) View citations (1)
    See also Journal Article in L'Actualité Economique (1993)
67. 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 in RAND Journal of Economics (1994)

1990

68. 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 in Review of Economic Studies (1995)
69. 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

70. 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)
71. 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)
72. 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 (71)
   See also Working Paper (2017)

2019

2. Duration dependence in US expansions: A re-examination of the evidence
   Economics Letters, 2019, 183, (C), - View citations (6)
   See also Working Paper (2019)
3. When is Nonfundamentalness in SVARs a Real Problem?
   Review of Economic Dynamics, 2019, 34, 221-243 View citations (11)
   See also Working Paper (2016)
   Software Item (2019)

2018

4. In Search of Labor Demand
   American Economic Review, 2018, 108, (9), 2714-57 View citations (11)
   See also Working Paper (2014)
5. Reconciling Hayek’s and Keynes’ Views of Recessions
   Review of Economic Studies, 2018, 85, (1), 119-156 View citations (2)
   See also Working Paper (2016)

2017

6. Canadian inflation targeting
   Canadian Journal of Economics, 2017, 50, (5), 1556-1572 View citations (6)
7. Is the Macroeconomy Locally Unstable and Why Should We Care?
   NBER Macroeconomics Annual, 2017, 31, (1), 479 - 530 View citations (20)
   See also Working Paper (2016)
   Chapter (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 (199)
   See also Chapter (2013)
   Working Paper (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 (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 (79)
    See also Working Paper (2012)
11. News-Driven Business Cycles: Insights and Challenges
    Journal of Economic Literature, 2014, 52, (4), 993-1074 View citations (170)
    See also Working Paper (2014)
12. Spatial equilibrium with unemployment and wage bargaining: Theory and estimation
    Journal of Urban Economics, 2014, 79, (C), 2-19 View citations (54)
    See also Working Paper (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 (49)
15. Understanding Noninflationary Demand-Driven Business Cycles
    NBER Macroeconomics Annual, 2014, 28, (1), 69 - 130 View citations (4)
    See also Working Paper (2013)
    Chapter (2013)

2012

16. Does Industrial Composition Matter for Wages? A Test of Search and Bargaining Theory
    Econometrica, 2012, 80, (3), 1063-1104 View citations (126)

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 (27)
    See also Working Paper (2006)
19. Modeling News-Driven International Business Cycles
    Review of Economic Dynamics, 2011, 14, (1), 72-91 View citations (34)
    See also Working Paper (2009)

2010

20. Managerial Skills Acquisition and the Theory of Economic Development
    Review of Economic Studies, 2010, 77, (1), 90-126 View citations (24)
    See also Working Paper (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 (168)

2009

22. Taxes and Employment Subsidies in Optimal Redistribution Programs
    American Economic Review, 2009, 99, (1), 216-42 View citations (44)
    See also Working Paper (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 (207)
    See also Working Paper (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 (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 (591)
    See also Working Paper (2004)
    Chapter (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 (32)
    See also Working Paper (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 (2005)

2004

33. An exploration into Pigou's theory of cycles
    Journal of Monetary Economics, 2004, 51, (6), 1183-1216 View citations (311)
    See also Working Paper (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 (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 (114)

2002

37. Population Growth, Technological Adoption, and Economic Outcomes in the Information Era
    Review of Economic Dynamics, 2002, 5, (4), 749-774 View citations (12)
38. The French Depression in the 1930s
    Review of Economic Dynamics, 2002, 5, (1), 73-99 View citations (25)
    See also Working Paper (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 (79)
    See also Working Paper (1996)
40. The cost of business cycles and the stabilization value of unemployment insurance
    European Economic Review, 2001, 45, (8), 1545-1572 View citations (61)

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 (110)
    See also Working Paper (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 (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 (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 (16)

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
    Review of Economic Studies, 1995, 62, (3), 401-423 View citations (13)
    See also Working Paper (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 (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 (36)
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 (1992)
54. Why an Informed Principal May Leave Rents to an Agent
    International Economic Review, 1994, 35, (4), 821-32 View citations (36)

1993

55. Do recessions permanently change output?
    Journal of Monetary Economics, 1993, 31, (2), 149-163 View citations (287)
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 (1992)
57. Signalling and Renegotiation in Contractual Relationships
    Econometrica, 1993, 61, (4), 745-82 View citations (28)

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 (427)

Chapters

2016

1. 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 Working Paper (2016)
   Journal Article in NBER Macroeconomics Annual (2017)

2013

2. 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 (73)
   See also Working Paper (2013)
   Journal Article in Journal of Labor Economics (2016)
3. 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 (2013)
   Journal Article in NBER Macroeconomics Annual (2014)

2010

4. 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
5. Letting Different Views about Business Cycles Compete
   A chapter in NBER Macroeconomics Annual 2009, Volume 24, 2010, pp 413-455 View citations (74)
   See also Working Paper (2009)

2004

6. Stock Prices, News and Economic Fluctuations
   A chapter in Enhancing Productivity (NBER-CEPR-TCER-Keio conference), 2004 View citations (25)
   See also Journal Article in American Economic Review (2006)
   Working Paper (2004)

1999

7. 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 in Review of Economic Dynamics (2019)

2010

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