Michael Dolega - Latest

• Relative Price Movements and Labour Productivity in Canada: A VAR Analysis

  Staff Discussion Paper 2010-5 Michael Dolega, David Dupuis, Lise Pichette

  In recent years, the Canadian economy has been affected by strong movements in relative prices brought about by the surging costs of energy and non-energy commodities, with significant implications for the terms of trade, the exchange rate, and the allocation of resources across Canadian sectors and regions.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Labour markets, Productivity, Recent economic and financial developments JEL Code(s): E, E2, E23, E24, O, O4, O47

• Tracking Canadian Trend Productivity: A Dynamic Factor Model with Markov Switching

  Staff Discussion Paper 2007-12 Michael Dolega

  The author attempts to track Canadian labour productivity over the past four decades using a multivariate dynamic factor model that, in addition to the labour productivity series, includes aggregate compensation and consumption information. Productivity is assumed to switch between two regimes (the high-growth state and the low-growth state) with different trend growth rates according to […]

  Content Type(s): Staff research, Staff discussion papers Topic(s): Productivity JEL Code(s): C, C3, C32, O, O4, O5, O51