Felipe Alves - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T01:02:05+00:00How changes in the share of constrained households affect the effectiveness of monetary policy
https://www.bankofcanada.ca/2024/02/staff-analytical-note-2024-3/
We measure how the change in the share of constrained households in Canada following the COVID-19 recession has impacted the effectiveness of monetary policy.2024-02-21T14:06:06+00:00enHow changes in the share of constrained households affect the effectiveness of monetary policy2024-02-21Job 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 2022DD3D31D5D52EE2E21E24E3E31E32Heterogeneity and Monetary Policy: A Thematic Review
https://www.bankofcanada.ca/2022/02/staff-discussion-paper-2022-2/
The theory that rich economic diversity of businesses and households both affects and is shaped by economy-wide fluctuations has strong implications for monetary policy. This review places these insights in a Canadian context.2022-02-02T09:25:14+00:00enHeterogeneity and Monetary Policy: A Thematic Review2022-02-02Economic modelsMonetary policy and uncertaintyMonetary policy transmissionStaff Discussion Paper 2022-2https://www.bankofcanada.ca/wp-content/uploads/2022/02/sdp2022-2.pdfHeterogeneity and Monetary Policy: A Thematic ReviewFelipe AlvesChristian BustamanteXing GuoKatya KartashovaSoyoung LeeThomas Michael PughKurt SeeYaz TerajimaAlexander UeberfeldtFebruary 2022DD2D25D3D31EE2E22E24E5E50E52