Under Review/Completed Working Papers

1. Investment-Specific News Shocks Dominate TFP News in Driving US Business Cylces (co-author N. Ben Zeev).

2. Carbon Emissions and Business Cylces (co-authors C.R. Knittel, K. Metaxoglou, and M. Papineau).

3. Monetary News Shocks (co-author N. Ben Zeev and C. Gunn).

4. Household Borrowing Constraints and Residential Investment Dynamics (co-author M. Casares).

5. Sources of Canadian Economic Growth (co-author S. Hasanzadeh). Revise and Resubmit Canadian Journal of Economics

6. Entrepreneurship and the Business Cycle: Stylized Facts from U.S. Venture Capital Activity (co-author P. Petratos).

7. Technology Shocks and UK Business Cycles (co-author J. Tsoukalas).


1. Business Dynamism and Economic Growth: US Regional Evidence (co-author M. Casares). International Review of Entrepreneurship (forthcoming).

2. House Prices and Government Spending Shocks (co-author A. Reza). Journal of Money, Credit and Banking (forthcoming).

3. Investment-Specific News Shocks and U.S. Business Cycles (co-author N. Ben Zeev). Journal of Money, Credit and Banking, Volume 47, Issue 7, September 2015, 1443-1464.

4. The Stock Market and the Consumer Confidence Channel: Evidence from Canada (co-author L. Karnizova). Empirical Economics, Vol. 49, Issue 2, 2015, 551-573.

5. Effects of Productivity Shocks on Hours-Worked: U.K. Evidence (co-author J. Tsoukalas). B.E. Journal of Macroeconomics (Contributions) Vol. 13, Issue 1, September 2013.

6. Markups and Oil Prices in Canada (co-author B-G. Kim). Economic Modelling 30, January 2013, 799-813.

7. The Quantitative Importance of News Shocks in Estimated DSGE Models (co-author J. Tsoukalas). Journal of Money, Credit and Banking Vol.44, No.8, 2012, 1535-1561.

8. Investment Shocks and the Comovement Problem (co-author J. Tsoukalas), Journal of Economic Dynamics and Control.35, 2011, 115-130

9. Investment Adjustment Costs: An Empirical Assessment (co-author C. Groth), Journal of Money, Credit and Banking [Lead Article] 42(8), 2010, 1469-1494

10.Inventory Investment and the Real Interest Rate (co-author S. Junayed). Economics: The Open-Access, Open-Assessment E-Journal, Vol. 3, 2009-34

11.The Phillips Curve Under State-Dependent Pricing (co-authors B. Rudolf and H. Bakhshi). Journal of Monetary Economics, Vol 54, Issue 8, November 2008, 2321-2345.

12. The New Keynesian Phillips Curve under Trend Inflation and Strategic Complementarity (co-authors B. Rudolf, P. Burriel, and H. Bakhshi). Journal of Macroeconomics, Vol 29, Number 1, March 2007, 37-59.

13. Estimates of Sticky Information Phillips Curve for the United States (co-author Z. Zhu). Journal of Money, Credit, and Banking, Vol 38, Number 1, 2006, 197-207.

14. New Phillips Curve under Alternative Technologies for Canada, the United States, and the Euro Area (co-author E. Gagnon). European Economic Review, 19(6), August 2005, 1571-1602.

15. Price-Setting Behaviour, Competition, and Markup Shocks in the New Keynesian Model. Economics Letters, Vol 87, 3, June 2005, 329-335.

16. Price Stickiness, Trend Inflation, and Output Dynamics: A Cross-Country Analysis. Canadian Journal of Economics, 37 (4), 2004, 999-1020.

17. Price Stickiness, Inflation, and Real Exchange Rate Dynamics: A Cross-Country Analysis. Economics Letters, 71(2), 2001, 247-253.

Other papers and notes

1. Notes on the Derivation of New Keynesian Phillips Curve Under Positive Steady State Inflation (co-author B. Rudolf).

2. Competitiveness, Inflation, and Monetary Policy (co-author R. Moessner). Bank of England Working Paper no. 246.

3. Contribution of Information Technology Sector to Output and Labour Productivity Growth in Canada (co-author M. Santos). Bank of Canada Working Paper 2002-07.

4. Product Diffusion, Increasing Returns to Specialization, and the Propagation of Shocks.


Room D891 Loeb Building, 1125 Colonel By Drive, Ottawa, Ontario, K1S 5B6 Canada
Telephone: 613 520 2600 x 1561; email address: