Published Papers

News Shocks, Business Cycles, and the Disinflation Puzzle, (with Laurent Kemoe), Journal of Money, Credit and Banking, in Press


The Government Spending Multiplier in a Multi-Sector Economy”, (with Omar Rachedi and Emiliano Santoro). American Economic Journals: Macroeconomics, in Press


Taking off into the Wind: Unemployment Risk, Incomplete Markets and State-Dependent Government Spending Multipliers”, (with Julien Albertini, Stéphane Auray, and Aurélien Eyquem), Journal of Monetary Economics, 117: 990-1007, January 2021


“The Optimal Composition of Public Spending in a Deep Recession”, (with Michel Guillard and Jordan Roulleau-Pasdeloup), Journal of Monetary Economics, 114: 334-349, October 2020


“Optimal Debt Management in a Liquidity Trap”, (with Rigas Oikonomou and Romanos Priftis), Journal of Economic Dynamics and Control, 93: 5-21, August 2018


“Separating the Wheat from the Chaff: A Disaggregate Analysis of the Effects of Public Spending in the U.S,” (with Denis Larocque and Michel Normandin), Canadian Journal of Economics, 51: 361-390, May 2018


“A Note on Foreign Aid, Human Capital, and Welfare,” (with Fabienne Gouba), Macroeconomic Dynamics, 21: 1484-1507, September 2017


“Public Investment, Time to Build, and the Zero Lower Bound”, (with Michel Guillard and Jordan Roulleau-Pasdeloup), Review of Economic Dynamics, 23: 60-79, January 2017


“Government Spending, Monetary Policy, and the Real Exchange Rate,” (with Aurélien Eyquem), CIRPÉE Working Paper No. 12-12. Journal of International Money and Finance, 56: 178-201, September 2015


“Measuring the Effects of Fiscal Policy,” (with Foued Chihi and Michel Normandin), Journal of Economic Dynamics and Control, 47: 123-151, November 2014


“Sectoral Price Rigidity and Aggregate Dynamics” (with Emanuela Cardia and Francisco Ruge-Murcia), European Economic Review, 65: 1-22, January 2014


“Fiscal Policy and External Adjustment: New Evidence” (with Foued Chihi and Michel Normandin), Journal of International Money and Finance, 40: 1-20, January 2014


“Stock Returns and Monetary Policy: Are There any Ties?” (with Badye-Omar Essid and Michel Normandin), Journal of Macroeconomics, 36: 30-50, June 2013


“Durable Goods, Inter-Sectoral Linkages and Monetary Policy,” (with Emanuela Cardia and Francisco Ruge-Murcia), Journal of Economic Dynamics and Control, 35: 730-745, May 2011


“Fluctuations in the Foreign Exchange Market: How Important are Monetary Policy Shocks?” (with Michel Normandin), Journal of International Economics, 81: 139-153, May 2010


“The Transmission of Monetary Policy in a Multi-Sector Economy,” (with Emanuela Cardia and Francisco Ruge-Murcia), International Economic Review, 50: 1243-1266, November 2009


“Tests of the Present Value Model of the Current Account: A Note,” (with Takashi Kano), Applied Economics Letters, 16: 1215-1219, August 2009


“Has Exchange Rate Pass-Through Really Declined? Evidence from Canada,” (with Nooman Rebei), Journal of International Economics, 75: 249-267, July 2008


“Terms of Trade and Current Account Fluctuations: The Harberger-Laursen-Metzler Effect Revisited,” (with Takashi Kano), Journal of Macroeconomics, 30: 260-281, March 2008


“Why Does Private Consumption Rise After a Government Spending Shock?” (with Nooman Rebei), Canadian Journal of Economics, 40: 954-979, August 2007


“Learning-by-Doing or Habit Formation?” (with Takashi Kano), Review of Economic Dynamics, 9: 508-524, August 2006


“Habit Formation and the Persistence of Monetary Shocks,” (with Emanuela Cardia and Francisco Ruge-Murcia), Journal of Monetary Economics, 52: 1073-1088, September 2005


“Nominal Rigidity, Desired Markup Variations, and Real Exchange Rate Persistence,” Journal of International Economics, 66(1): 49-74, May 2005


“Terms of Trade and Current Account Fluctuations: Evidence from Canada,” (with Takashi Kano), in Canada and the Global Economy, Bank of Canada, 2004


“Real Exchange Rate Persistence in DGE Sticky-Price Models: An Analytical Characterization,” in Recent Development on Exchange Rates, edited by S. Lardic and V. Mignon, Palgrave Macmillan, 2004


Other Publications

“Exchange Rate Pass-Through in Industrialized Countries,” (with Jeannine Bailliu), Bank of Canada Review, Spring 2004