Olena Kostyshyna

Senior Analyst

Olena Kostyshyna is a Senior Analyst in the Canadian Economic Analysis (CEA) Department. Her research interests include learning in macroeconomics, agent-based computational economics, and experimental economics. Prior to joining the Bank, Olena held academic position at the Portland State University in the USA. She holds a Ph.D. in Economics from Simon Fraser University.


Olena Kostyshyna

Senior Analyst
Canadian Economic Analysis
Prices, Labour and Housing

Bank of Canada
234 Wellington Street
Ottawa, ON, K1A 0G9

Curriculum vitae


Wage Growth in Canada and the United States: Factors Behind Recent Weakness

This note examines the relatively subdued pace of wage growth in Canada since the commodity price decline in 2014 and assesses whether the weakness is attributable to cyclical (e.g., labour market slack) or structural factors (e.g., resource reallocation and demographic change).

A Canada-US Comparison of Labour Market Conditions

In this note, we provide a brief comparison of the recent developments in the labour markets in Canada and the United States. Our analysis indicates that slack remains in the Canadian labour market, while the US labour market is close to full employment.

Downward Nominal Wage Rigidity in Canada: Evidence from Micro- Level Data

Staff Working Paper 2016-40 Dany Brouillette, Olena Kostyshyna, Natalia Kyui
We assess the importance of downward nominal wage rigidity (DNWR) in Canada using both firm- and worker-level microdata. In particular, we analyze employer-level administrative data from the Major Wage Settlements (MWS) and household-based survey data from the Survey of Labour Income Dynamics (SLID).

Are Sunspots Learnable? An Experimental Investigation in a Simple General-Equilibrium Model

Staff Working Paper 2013-14 Jasmina Arifovic, George Evans, Olena Kostyshyna
We conduct experiments with human subjects in a model with a positive production externality in which productivity is a non-decreasing function of the average level of employment of other firms.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Economic models JEL Code(s): D, D8, D83, G, G2, G20

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Refereed Journals


  • PhD (economics), Simon Fraser University, 2008
  • MA (economics), EERC, National University “Kyiv-Mohyla Academy”, 2001
  • BA (economics), Technological University of Podillya, 1999

Research Interests

  • Macroeconomics
  • Labour economics
  • Agent-based computational economics
  • Experimental economics


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