Martin Harding is a Principal Economist in the Canadian Economic Analysis Department at the Bank of Canada. Martin obtained his PhD in economics at DIW Berlin and Freie Universität Berlin. His research interests lie in macroeconomics and monetary economics, focusing on the transmission of monetary policy and the role of financial frictions in business cycle analysis.
Staff working papers
Risk and State-Dependent Financial FrictionsUsing a nonlinear New Keynesian model with a financial accelerator, we show that financial frictions generate large state-dependent amplification effects. Shocks propagate more strongly in periods of financial stress. We propose an endogenous regime-switching DSGE framework for efficient estimation and improved model fit.
- Resolving the missing deflation puzzle
(with Jesper Lindé and Mathias Trabandt), Journal of Monetary Economics, Volume 126, pages 15-34, March 2022.
- "Monetary policy and household net worth"
(with Mathias Klein), Review of Economic Dynamics, Volume 44, pages 125-151, April 2022.