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Housework and Fiscal Expansions
Gnocchi, Stefano; Hauser, Daniela; Pappa, Evi - Bank of Canada - 2014
We build an otherwise-standard business cycle model with housework, calibrated consistently with data on time use, in order to discipline consumption-hours complementarity and relate its strength to the size of fiscal multipliers. We show that if substitutability between home and market goods is...
Persistent link: https://www.econbiz.de/10010885042
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Changing Labour Market Participation Since the Great Recession: A Regional Perspective
Cheung, Calista; Granovsky, Dmitry; Velasco, Gabriella - Bank of Canada - 2015
This paper discusses broad trends in labour force participation and part-time employment across different age groups since the Great Recession and uses provincial data to identify changes related to population aging, cyclical effects and other factors. The main population age groups examined are...
Persistent link: https://www.econbiz.de/10011253081
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Trends in U.S. Hours and the Labor Wedge
Cociuba, Simona E.; Ueberfeldt, Alexander - Bank of Canada - 2010
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 as the discrepancy between a representative household’s marginal rate of substitution between consumption and leisure and the...
Persistent link: https://www.econbiz.de/10008694041
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Asking About Wages: Results from the Bank of Canada’s Wage Setting Survey of Canadian Companies
Amirault, David; Fenton, Paul; Laflèche, Thérèse - Bank of Canada - 2013
The Bank of Canada conducted a Wage Setting Survey with a sample of 200 private sector firms from mid-October 2007 to …
Persistent link: https://www.econbiz.de/10010607326
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The Macroeconomic Effects of Non-Zero Trend Inflation
Amano, Robert; Ambler, Steve; Rebei, Nooman - Bank of Canada - 2006
The authors study the macroeconomic effects of non-zero trend inflation in a simple dynamic stochastic general-equilibrium model with sticky prices. They show that trend inflation leads to a substantial reduction in the stochastic means of output, consumption, and employment. It also leads to an...
Persistent link: https://www.econbiz.de/10005673258
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Les marchés du travail régionaux : une comparaison entre le Canada et les États-Unis
Lefebvre, Mario - Bank of Canada - 1997
The purpose of this study is to compare the behaviour of regional labour markets in Canada and the United States. The … study shows that the degree of persistence of unemployment is significantly higher in the provinces of Canada than it is in … rates of unemployment and labour market participation hardly move in the United States, while in Canada, relative …
Persistent link: https://www.econbiz.de/10005673270
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Salaire réel, chocs technologiques et fluctuations économiques
Tremblay, Dominique - Bank of Canada - 2002
The author presents empirical evidence that he has obtained from an analysis of the response of different economic variables, including the real wage rate, to a technology shock. He replicates Galí’s (1999) bivariate model and compares dynamic impulse responses and conditional correlations...
Persistent link: https://www.econbiz.de/10005673345
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Time Variation in Okun's Law: A Canada and U.S. Comparison
Beaton, Kimberly - Bank of Canada - 2010
This article investigates the stability of Okun's law for Canada and the United States using a time varying parameter … unemployment rate to movements in output growth increasing recently over time in both Canada and the United States. …
Persistent link: https://www.econbiz.de/10008562474
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Labor Market Participation, Unemployment and Monetary Policy
Campolmi, Alessia; Gnocchi, Stefano - Bank of Canada - 2014
We incorporate a participation decision in a standard New Keynesian model with matching frictions and show that treating the labor force as constant leads to incorrect evaluation of alternative policies. We also show that the presence of a participation margin mitigates the Shimer critique.
Persistent link: https://www.econbiz.de/10010762042
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Technology Shocks, Labour Mobility and Aggregate Fluctuations
Hauser, Daniela - Bank of Canada - 2014
We provide evidence regarding the dynamic behaviour of net labour flows across U.S. states in response to a positive technology shock. Technology shocks are identified as disturbances that increase relative state productivity in the long run for 226 state pairs, encompassing 80 per cent of...
Persistent link: https://www.econbiz.de/10010762050