Felipe Alves - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T09:39:24+00:00Job Ladder and Business Cycles
https://www.bankofcanada.ca/2022/03/staff-working-paper-2022-14/
During downturns, workers get stuck in low-productivity jobs and wages remain stagnant. I build an heterogenous agent incomplete market model with a full job ladder that accounts for these facts. An adverse financial shock calibrated to the US Great Recession replicates the period’s slow recovery and missing disinflation.2022-03-21T15:05:02+00:00enJob Ladder and Business Cycles2022-03-21Business fluctuations and cyclesInflation and pricesLabour marketsProductivityStaff Working Paper 2022-14https://www.bankofcanada.ca/wp-content/uploads/2022/03/swp2022-14.pdfStaff Working Paper 2022-14Felipe AlvesMarch 2022DD3D31D5D52EE2E21E24E3E31E32