Showing 1 - 10 of 63
We analyze labor market models where the law of one price does not hold-that is, models with equilibrium wage dispersion. We begin by assuming workers are ex ante heterogeneous, and highlight a flaw with this approach: if search is costly, the market shuts down. We then assume workers are...
Persistent link: https://www.econbiz.de/10014400958
Search models with posting and match-specific heterogeneity generate wage dispersion. Given K values for the match-specific variable, it is known that there are K reservation wages that could be posted, but generically never more than two actually are posted in equilibrium. What is unknown is...
Persistent link: https://www.econbiz.de/10014402407
Using Chilean data, we document that for resource-rich small open economies the effects of terms of trade shocks on the wage gap (between skilled and unskilled workers) depend on factor intensities in the non-tradable sector, following the model in Galiani, Heymann, and Magud (2010). For a...
Persistent link: https://www.econbiz.de/10014403224
The issue of productivity growth in Canada has received considerable attention reflecting its marked slowdown since the … in Canada, it is useful to decompose total factor productivity (TFP) into investment-specific productivity change (ISP …) and technologically neutral productivity change (TNP). The gap in manufacturing productivity growth between Canada and the …
Persistent link: https://www.econbiz.de/10014402843
The paper presents Canada’s report on the Observance of Standards and Codes on the Financial Action Task Force (FATF …) recommendations for Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT). Canada has strengthened its overall …
Persistent link: https://www.econbiz.de/10014404389
The spillovers from the U.S. economy to Canada have been assessed. It uses structural vector autoregressions to analyze … the role of financial linkages in real and financial spillovers from the United States to Canada. The implications of … Canada’s predictable price level have been analyzed. Innovative small and medium-size enterprises have significantly greater …
Persistent link: https://www.econbiz.de/10014406867
slowdown in large part has reflected the slowing in the United States economy, which has reduced growth in Canada’s exports and …
Persistent link: https://www.econbiz.de/10014406995
This paper documents two aspects of Canada’s regional diversity and compares the results with those across U.S. regions … the reduction in macroeconomic volatility in Canada after the introduction of inflation targeting is largely attributable …
Persistent link: https://www.econbiz.de/10014407045
This Selected Issues paper assesses the long-term fiscal position of Canada. Simulations based on current tax and …
Persistent link: https://www.econbiz.de/10014407120
put in place during the decade. The Bank of Canada raised interest rates markedly in 2000 as estimates of slack in the … reflect economic conditions in Canada and should aim to allow the economy to seek its productive potential without …
Persistent link: https://www.econbiz.de/10014407213