Published and Forthcoming Papers

 

“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

 

“Does the Crowding-In Effect of Public Spending on Private Consumption Undermine Neoclassical Models?” (with Steve Ambler and Emanuela Cardia) Revise and Resubmit, Review of Economic  Dynamics

 

“Durable Goods, Inter-Sectoral Linkages and Monetary Policy,” (with Emanuela Cardia and Francisco Ruge-Murcia), Revise and Resubmit, Journal of Economic  Dynamics and Control

 

“Measuring the Effects of Fiscal Policy,” (with Foued Chihi and Michel Normandin), CIRPÉE Working Paper No. 10-16

 

“Sectoral Price Rigidity and Aggregate Dynamics,” (with Emanuela Cardia and Francisco Ruge-Murcia), CIRPÉE Working Paper No. 09-06

 

“Optimal Pass-Through of Oil Prices in an Economy with Nominal Rigidities,” (with Nooman Rebei and Désiré Vencatachellum), CIRPÉE Working Paper No. 08-31

 

“Fluctuations in the Foreign Exchange Market: How Important are Monetary Policy Shocks?” (with Michel Normandin), CIRPÉE Working Paper No. 08-18, Revise and Resubmit, Journal of International Economics

 

“Habit Formation and Real Exchange Rate Dynamics,” Revise and Resubmit, The B.E. Journals in Macroeconomics

 

 

Work in Progress

 

“Stock Returns and Monetary Policy: Are There any Ties”, (with Badye-Omar Essid and Michel Normandin)

 

“Foreign Aid, Human Capital, and Welfare,” (with Fabienne Éleonore Gouba)

 

“Exchange Rate Pass-Through in an Environment with Non-Zero Trend Inflation,” (with Nooman Rebei)

 

“Optimal Monetary Policy in New Keynesian Models with Factor Specificity,” (with Steve Ambler and André Kurmann)

 

“Imperfect Information, Learning, and Exchange Rate Dynamics,” (with Takashi Kano and Juanyi Xu)

 

 

Discussions

 

 “The Credit Spread Cycle with Matching Friction” by K. E. Beaubrun-Diant and F. Tripier, T2M Conference, Le Mans, France, March 2010. Discussion

 

“Sales and Monetary Policy” by B. Guimaraes and K. Sheedy, Bank of France Workshop “Understanding Price Dynamics: Recent Advances,” Paris, France, October 2009. Discussion

 

“What is Driving Exchange Rates? New Evidence from a Panel of US Dollar Bilateral Exchange Rates” by J-P. Cayen, D. Coletti, R. Lalonde and P. Maier, 3rd Bank of Canada - ECB Workshop “Exchange Rates: The Global Perspective,” Frankfurt, Germany, June 2009. Discussion

 

“Accounting for Incomplete Pass-Through,” by E. Nakamura, Murray S. Johnson Memorial Conference, FRB Dallas and the University of Texas at Austin, Austin, Texas, April 2008. Discussion

 

“Procyclical International Capital Flows, Debt Overhang and Volatility,” by P. Pintus, OMD Conference, Aix-en-Provence, July 2007. Discussion

 

“The Feldstein-Horioka Fact,” by D. Giannone and M. Lenza, OMD Conference, Aix-en-Provence, April 2007.  Discussion

 

“Productivity, Spillovers, Real Exchange Rates, and the «Home Market Effect»: Elements for a General Equilibrium Analysis,” by G. Corsetti, P. Pesenti and P. Martin, Canadian Macroeconomics Study Group (CMSG) Annual Conference, Montréal, November 2004. Discussion

 

“Tied Versus Untied Foreign Aid: Consequences for a Growing Economy,” by S. Chatterjee and S.  Turnovsky, Northeast Universities Development Consortium Conference, Montréal, October 2004

 

“Nominal Rigidities and Exchange Rate Pass-Through in a Small Open Economy Model,” by S. Ambler, A. Dib and N. Rebei, Annual Meeting of the Canadian Economic Association, Ottawa, May 2003