Yu Zhu, Bank of Canada - October 25, 2019
Title: Friction Capital Reallocation with Ex Post Heterogeneity
Abstract: This project studies economies with markets for capital reallocation, where gains from trade are driven by firm-specific productivity shocks, but are hindered by search frictions and liquidity considerations. Results are provided on existence, uniqueness and efficiency. The model is tractable enough to analyze monetary and fiscal policy using simple graphs. Additionally, we calibrate it to investigate quantitatively the effects of changes in productivity and credit conditions. The framework can capture several facts deemed interesting in the literature - e.g., capital misallocation is countercyclical, while its price and reallocation are procyclical. We also discuss how well productivity dispersion measures inefficiencies or frictions.
Economics student recognized at Washington conference
Posted on 2020-02-26
Dolapo Fadare is the inaugural recipient of the Award for Excellence in Undergraduate Studies from The Sadie Collective
USask alumna named Consul General of Canada
Posted on 2019-11-25
Rachel McCormick (BA’97), who is now based in Dallas, Texas, previously served as head of the Energy and Environment Section at the Canadian Embassy in Washington, D.C., from 2014 – 2019
J.M. Boving Lecture | December 5 2019 | The Two Faces of Populism: Politics or Economics?
Posted on 2019-11-20
The Two Faces of Populism: Politics or Economics? Presented by Professor Barry Eichengreen, University of California Berkeley, at 5:00pm Arts 241.
Lanny Zrill, HEC Montreal - October 28, 2019
Posted on 2019-10-21
Lanny Zrill, HEC Montreal will present a seminar at 4:00pm in Arts 807