This paper tests the hypothesis that idiosyncratic U.S. disturbances and their international propagation can account for the global Depression. Exploiting common stochastic trends in U.S. and Canadian interwar data, we estimate a small open economy model for Canada that decomposes output...

Our paper explores how the ability to work remotely has changed over time, its relationship with demographic characteristics and employment outcomes, and the role it played during the pandemic recession. We focus on two different remote work indexes, a measure of "no physical presence"-proposed...