Evidence suggests that the Canada-U.S. Free Trade Agreement (CUSTA) had almost no effect on earnings and had a small negative effect on manufacturing employment. Theory suggests that a change in trade policy may affect skilled and less-skilled workers differently. The labour market consequences...

The U.S. economy is changing and the labor market is having trouble keeping pace. The country suffers from significant labor market mismatches in sectors ranging from technology to healthcare to manufacturing. What’s more, companies are, increasingly, creating new jobs in places that lack...

This paper investigates the effects of signing a trade agreement on the correlations of the business cycle fluctuations of consumption, investment and output between two countries. We construct an international business cycle model with trade costs and we calibrate it to the United States and...