I am a Professor at the Vancouver School of Economics interested in everything that relates to the macro-economy, both domestically and internationally. In particular I do research related to business cycles, inflation, financial markets, the macro-economic effects of technological change and globalization, and the determinants of aggregate employment and wages. I teach macroeconomics to both undergraduates and graduate students.
I obtained my Ph.D. from Princeton University. I have held faculty positions at Oxford University, Boston University and the Universite de Montreal. I have also been a visiting Professor at MIT, Paris-Sorbonne and the Toulouse School of Economics. I am a native of Quebec City. I enjoy hiking, history and art museums.
Please click on paper titles for abstracts and full text downloads.
The Great Reversal in the Demand for Skill and Cognitive Tasks. (with D. Green and B. Sand)
Understanding Non-inflationary Demand Driven Business Cycles. (with F. Portier)
How Elastic is The Job Creation Curve? (with D. Green and B. Sand)
Do Mood Swings Drive Business Cycles and is it Rational? (with D. Nam and J. Wang)
Spatial Equilibrium with Unemployment and Wage Bargaining: Theory and Estimation. (with D. Green and B. Sand)
An Explicit Gains from Trade Perspective on Macro Economic Fluctuations. (with Franck Portier)
Quantifying the importance of Gold Rushes in Business Cycles. (with Franck Portier and Fabrice Collard)
The Economics of Inefficient Technology Use. Submitted for publication. (with Patrick Francois)
Does Industrial Composition Matter for Wages? A Test of Search and Bargaining Theory. (with D. Green and B. Sand), Econometrica, 2012.
Gold Rushes Fever in Business Cycles. (with Fabrice Collard and Franck Portier), Journal Of Monetary Economics, 2011.
Propagation of International News Shocks. (with Martial Dupaigne and Franck Portier), Review of Economic Dynamics, January 2011, Volume 14(1)
Endogenous Sill-Bias in Technology Adoption: City Level Evidence from the IT Revolution. (with Mark Doms and Ethan Lewis), Journal of Political Economy, Volume 118(5), October 2010, 988-1036.
Organizational Skill and Management in the Theory of Economic Growth. (with Patrick Francois), Review of Economic Studies. 2010, 77(1), 90-126.
Letting Different Views about Business cycles compete. (with Bernd Lucke), NBER Macroeconomics Annual. 2009, 2010, Volume 24, 413-455.
Taxes and Employment Subsidies in Optimal Redistribution Programs. (with Charles Blackorby and Deszo Salay), American Economic Review. March 2009.
Mondialisation et Disparite de Revenus. Actualite Economique, 2007.
When Can Changes in Expectations Cause Business Cycle Fluctuations. (with Franck Portier), Journal of Economic Theory. 135(1), July 2007, 458-477.
News, Stock Prices and Economic Fluctuations. (with Franck Portier), American Economic Review, 96(4), September 2006, 1293-1307.
Globalization, Returns to Accumulation, and the World Distribution of Income. (with Fabrice Collard), Journal of Monetary Economics, 53(5), 2006, 879-909.
Stock Prices, Total Factor Productivity and Economic Fluctuations: Evidence from Japanese Data and US Sectoral Data. (with Franck Portier), Journal of Japanese and the International Economy,19, 2005, 635-652.
Medium Run Macroeconomics. Canadian Journal of Economics, 38(4), November 2005
Explaining Productivity Growth: The Role of Demographics. (with Fabrice Collard and David Green), International Productivity Monitor, 10, spring 2005, 49-65.
Changes in the World Distribution of Output-per-capita 1960-98: How a Standard Decomposition tells an Unorthodox Story. (with Fabrice Collard and David Green), The Review of Economics and Statistics, 87(4), 2005, 741-753.
Demographics and Recent Productivity Performance: Insight From Cross-country Comparisons. (with Fabrice Collard and David Green), Canadian Journal of Economics, vol 38(2), May 2005, 309-344.
Changes in US Wages 1976-2000: Ongoing Skill Bias or Major Technological Change. (with David Green), Journal of Labor Economics, 23(3), July 2.
Exploring Pigou's Theory of Cycles. (with Franck Portier), Journal of Monetary Economics ,vol 51(6), 2004, 1183-1216.
An Equilibrium Analysis of Information Aggregation in Investment Markets with discrete Decisions. (with Francisco Gonzalez), Journal of Economic Theory, 113(1), November 2003, pp 76-103.
The Changing Structure of Wages in the US and Germany: What explains the differences. (with David Green), American Economic Review, June 2003, pp 573-603.
Recent Technological and Economic Change among Industrialized Countries: Insights from Population Growth. (with Fabrice Collard), Scandinavian Journal of Economics, vol 105(3), 2003, pp 441-463.
Canada-US Integration and Labour Market Outcomes; A perspective within the general context of globalization. (with David Green) in North American Linkages: Opportunities and Challenges for Canada, Richard Harris Editor, University of Calgary Press, 2003, pp 253-280.
Population Growth and Economic Outcomes During the Information Revolution. (with David Green), Review of Economic Dynamics, October 2002.
France during the Great Depression. (with Franck Portier), Review of Economic Dynamics, January 2002.
The Cost of Business Cycles and the Value of Stabilization Policy. (with Carmen Pages), European Economic Review, August 2001.
Macroeconomic Uncertainty, the Predictability of Prices and the Allocation of Investment. (with Mustafa Caglan and Fabio Schiantarelli), American Economic Review, June 2001, 648- 662.
Cohort Patterns in Canadian Earnings: Assessing the Role of Skill Premia in Inequality Trends. (with David Green), The Canadian Journal of Economics, November 2000.
What has happened to the Phillips Curve in Canada over the 1990's? (with Matt Doyle), Price Stability and the long term target of Monetary Policy, Bank of Canada, June 2000.
When is it Harmful to Allow Partial Cooperation. (with Pierre Cahuc and Hubert Kempf), The Scandinavian Journal of Economics, January 2000.
What is Happening in the Youth Labour Market. (with Thomas Lemieux and Daniel Parent), Canadian Public Policy, 2000.
Employment Outcomes in Canada: A Cohort Analysis. (with David Green) in Adaption Public Policy to a Labour Market in Transition, IRPP, 2000.
Evolution of the Female Labour Force Participation Rate in Canada, 1976-1994. (with Thomas Lemieux) Canadian Business Economics, 7, May 1999, 57-70.
Individual Responses to Changes in the Canadian Labour Market. (with David Green) in Canada in the 21st Century: Responding to the Challenges, Industry Canada, December 1998.
Estimating the Effects of Monetary Shocks: A Comparison of Different Approaches. (with Makoto Saito), Journal of Monetary Economics, 42, October 1998, 241-261.
What Do Interest Rates Reveal about the Functioning of Real Business Cycles. (with Alain Guay), Journal of Economic Dynamics and Control, 20, December 1997, 1661-1682.
Le Chomage des Annees 80: lecons a tirer des Comparaisons Internationales. (with Thomas Lemieux), L'Actualite Economique, septembre 1996, 291-305.
Alternative Specifications for Consumption and The Estimation of the Intertemporal Elasticity of Substitution. (with Eric van Wincoop), Economica, August 1996, pp495-512.
Is the Behavior of Hours Worked Consistent with Implicit Contract Theory? (with John DiNardo), The Quarterly Journal of Economics, August 1995, pp 742-768.
Monetary Policy and the Real Exchange Rate in a Price Setting Model of Monopolistic Competition. (with Michael Devereux), Carnegie-Rochester Conference Series, November 1995, 55-102.
Contract Renegotiation: A Simple Framework and Implications for Organization Theory. (with Michel Poitevin), Canadian Journal of Economics, May 1995, 302-335.
Competitive Screening when Clients can Recontract. (with M.Poitevin), Review of Economic Studies, 62, September 1995, 401-423.
Labor Markets in an Era of Adjustment: A Case Study Of Ghana. (with N.K.Sowa) in Labor Markets in an Era of Adjustment, EDI Symposium Series, World Bank, S.Horton, R.Kanbur and D.Mazumdar Editors, 1994, 357-404.
The Commitment Value of Contracts Under Dynamic Renegotiation. (with Michel Poitevin), The RAND Journal, November 1994. 501-517.
Why an Informed Principal May Leave Rents to An Agent. International Economic Review, November 1994, 821-832.
Entry Wages Signalling Future Wages: A Foundation to Turnover Models of Unemployment. Canadian Journal of Economics, November 1994, 884-902.
Signalling and Renegotiation in Contractual Relationships. (with M. Poitevin), Econometrica, July 1993, 745-782.
Do Recessions Permanently Change Output. (with Gary Koop), The Journal of Monetary Economics, June 1993, 149-163.
Le rôle du collatéral dans le report des investissements en présence d'asymétries d'information. (with Marcel Boyer and Michel Poitevin), L'Actualite Economique, March 1993, 117-135.
The Effects of Implicit Contracts on the Behavior of Wages over the Business Cycle. (with J. DiNardo), Journal of Political Economy, August 1991, 665-688.
Royal Society of Canada, Fellow
National Bureau of Economic Research, Research Associate