Published and Forthcoming Papers

 

“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, accepted

 

“A Note on Foreign Aid, Human Capital, and Welfare,” (with Fabienne Gouba), Macroeconomic Dynamics, in press

“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

 

News Shocks, Business Cycles, and the Disinflation Puzzle”, (with Laurent Kemoe), June 2017

 

The Optimal Composition of Public Spending in a Deep Recession”, (with Michel Guillard and Jordan Roulleau-Pasdeloup), March 2017

 

Optimal Debt Management in a Liquidity Trap”, (with Rigas Oikonomou and Romanos Priftis), November 2016

 

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 

Work in Progress

 

Government Spending and the Zero Bound on Interest Rates in a Small Open Economy”, (with Michel Guillard)

 

“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)