Olena Kostyshyna
Senior Analyst
- PhD (economics), Simon Fraser University, 2008
- MA (economics), EERC, National University “Kyiv-Mohyla Academy”, 2001
- BA (economics), Technological University of Podillya, 1999
Bio
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.
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Staff Analytical Notes
The Size and Characteristics of Informal (“Gig”) Work in Canada
Underlying wage growth has fallen short of what would be consistent with an economy operating with little or no slack. While many factors could explain this weakness, the availability of additional labour resources from informal (“gig”) work—not fully captured in standard measures of employment and hours worked—may play a role.The State of Labour Market Churn in Canada
The literature highlights that labour market churn, including job-to-job transitions, is a key element of wage growth. Using microdata from the Labour Force Survey, we compute measures of labour market churn and compare these with pre-crisis averages to assess implications for wage growth.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.Staff Working Papers
On the Evolution of Multiple Jobholding in Canada
The number of workers who hold more than one job (a.k.a. multiple jobholders) has increased recently in Canada. While this seems to echo the view that non-standard work arrangements are becoming pervasive, the increase has in fact been trivial compared with the long-run rise of multiple jobholding that has occurred since the mid-1970s.Downward Nominal Wage Rigidity in Canada: Evidence from Micro- Level Data
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
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.Journal Publications
Refereed journals
- "Are Sunspots Learnable? An Experimental Investigation in a Simple Macroeconomic Model"
(with J. Arifovic and G. Evans). Forthcoming. Journal of Economic Dynamics and Control - “Downward Nominal Wage Rigidity in Canada: Evidence from Micro-level Data”
(with D. Brouillette and N. Kyui). 2018. Canadian Journal of Economics. 51(3), pages 968-1002 - "Social Learning and Monetary Policy Rules"
(with J. Arifovic and J. Bullard). 2012. Economic Journal, 123(567), pages 38-76. - "Application of Adaptive Step-Size Algorithm in a Model with Hyperinflations". 2012. Macroeconomic Dynamics, 16(S3): 355-375.
- "Learning Benevolent Leadership in a Heterogenous Agents Economy"
(with Arifovic, H. Dawid and Ch. Deissenberg). 2010. Journal of Economic Dynamics and Control, 34(9): 1768-1790.