Published and Forthcoming Papers
“News Shocks, Business Cycles,
and the Disinflation Puzzle”, (with Laurent Kemoe), Journal of
Money, Credit and Banking, Accepted
“The Government Spending Multiplier in a Multi-Sector Economy”, (with Omar Rachedi
and Emiliano Santoro), American Economic Journal:
Macroeconomics, Forthcoming
“Taking off into the Wind:
Unemployment Risk, Incomplete Markets and State-Dependent Government
Spending Multipliers”, (with Julien Albertini, Stéphane Auray, and Aurélien Eyquem), Journal of Monetary Economics, 117: 990-1007, January 2021
“The Optimal Composition of
Public Spending in a Deep Recession”, (with Michel Guillard
and Jordan Roulleau-Pasdeloup), Journal of Monetary Economics, 114: 334-349, October 2020
“Optimal Debt Management in a Liquidity Trap”,
(with Rigas Oikonomou
and Romanos Priftis), Journal
of Economic Dynamics and Control,
93: 5-21, August 2018
“Separating the Wheat from the
Chaff: A Disaggregate Analysis of the Effects of Public Spending in the
U.S,” (with Denis Larocque and Michel Normandin),
Canadian
Journal of Economics, 51:
361-390, May 2018
“A Note on Foreign Aid, Human Capital, and Welfare,” (with Fabienne
Gouba), Macroeconomic Dynamics, 21: 1484-1507, September 2017
“Public Investment, Time to Build,
and the Zero Lower Bound”, (with Michel Guillard
and Jordan Roulleau-Pasdeloup), Review of Economic Dynamics, 23: 60-79, January 2017
“Government Spending, Monetary
Policy, and the Real Exchange Rate,” (with Aurélien
Eyquem), CIRPÉE Working Paper No. 12-12. Journal of International Money and Finance, 56:
178 – 201, September 2015
“Measuring the Effects of Fiscal
Policy,” (with Foued Chihi
and Michel Normandin), Journal of Economic Dynamics
and Control, 47: 123–151, November 2014
“Sectoral Price Rigidity and
Aggregate Dynamics” (with Emanuela Cardia and
Francisco Ruge-Murcia), European
Economic Review, 65: 1-22, January 2014
“Fiscal Policy and External
Adjustment: New Evidence” (with Foued Chihi and Michel Normandin), Journal of International Money and Finance, 40: 1-20, January 2014
“Stock Returns and Monetary
Policy: Are There any Ties?” (with Badye-Omar Essid
and Michel Normandin), Journal of Macroeconomics, 36: 30-50, June 2013
“Durable Goods, Inter-Sectoral Linkages and Monetary Policy,” (with Emanuela Cardia and Francisco Ruge-Murcia), Journal of Economic Dynamics
and Control, 35: 730-745, May 2011
“Fluctuations in the Foreign Exchange Market: How
Important are Monetary Policy Shocks?” (with Michel Normandin),
Journal of International
Economics, 81: 139-153, May 2010
“The Transmission of Monetary Policy in a Multi-Sector Economy,”
(with Emanuela Cardia and Francisco Ruge-Murcia),
International Economic Review,
50: 1243-1266, November 2009
“Tests of the Present Value Model of the Current Account: A Note,”
(with Takashi Kano), Applied
Economics Letters, 16: 1215-1219, August 2009
“Has Exchange Rate Pass-Through Really Declined? Evidence from
Canada,” (with Nooman Rebei),
Journal of International
Economics, 75: 249-267, July 2008
“Terms of Trade and Current Account Fluctuations: The Harberger-Laursen-Metzler
Effect Revisited,” (with Takashi Kano), Journal of Macroeconomics, 30: 260-281, March
2008
“Why Does Private Consumption Rise After a Government Spending
Shock?” (with Nooman Rebei),
Canadian Journal of Economics,
40: 954-979, August 2007
“Learning-by-Doing or Habit Formation?” (with Takashi Kano), Review of Economic Dynamics,
9: 508-524, August 2006
“Habit Formation and the Persistence of Monetary Shocks,” (with Emanuela Cardia and Francisco Ruge-Murcia), Journal of Monetary Economics,
52: 1073-1088, September 2005
“Nominal Rigidity, Desired Markup Variations, and Real Exchange Rate
Persistence,” Journal of
International Economics, 66(1): 49-74, May 2005
“Terms of Trade and Current
Account Fluctuations: Evidence from Canada,” (with Takashi Kano), in Canada
and the Global Economy, Bank of Canada, 2004
“Real Exchange Rate Persistence in DGE Sticky-Price
Models: An Analytical Characterization,” in Recent Development on
Exchange Rates, edited by S. Lardic and V.
Mignon, Palgrave Macmillan, 2004
Other Publications
“Exchange Rate Pass-Through in Industrialized
Countries,” (with Jeannine Bailliu), Bank of
Canada Review, Spring 2004
Working Papers
“The
Sectoral Origins of the Spending Multiplier”, (with Omar Rachedi
and Emiliano Santoro).
Work in Progress
“Optimal Government Spending under
Monopolistic Competition”, (with Michel Guillard)
“Exchange
Rate Pass-Through in an Environment with Non-Zero Trend Inflation,” (with Nooman Rebei)
“Imperfect
Information, Learning, and Exchange Rate Dynamics,” (with Takashi Kano and Juanyi Xu)