E - Macroeconomics and Monetary Economics
-
Intertemporal Substitution in Macroeconomics: Evidence from a Two-Dimensional Labour Supply Model with Money
The hypothesis of intertemporal substitution in labour supply has a history of empirical failure when confronted with aggregate time-series data. -
Inflation and Relative Price Dispersion in Canada: An Empirical Assessment
The authors investigate empirically the relationship between different aspects of inflation and relative price dispersion in Canada using a Markov regime-switching Phillips curve. -
Inflation Dynamics and the New Keynesian Phillips Curve: An Identification-Robust Econometric Analysis
The authors use identification-robust methods to assess the empirical adequacy of a New Keynesian Phillips curve (NKPC) equation. -
Uninsured Idiosyncratic Production Risk with Borrowing Constraints
The author analyzes a general-equilibrium model of a heterogeneous agents economy in which the agents are subject to borrowing constraints and uninsurable idiosyncratic production risk.