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Curriculum Vitae (pdf)


Bank of Canada

Economic and Financial Research

234 Wellington Street

Ottawa, ON K1A 0H9



Phone: (343) 574-1762




Citizenship: USA, Canada




  • 2010 Ph.D in Economics, University of Minnesota. Dissertation Advisor: José-Víctor Ríos-Rull

  • 2005 B.S. in Economics (with honors), Iowa State University


Professional Experience


   current positions

  • 2022 – Present -  Director, Heterogeneity Laboratory, Economic and Financial Research, Bank of Canada

   past positions

  • 2022 – 2022  -  Principal Researcher, Financial Studies Division, Bank of Canada

  • 2018 – 2022  -  Senior Economist, Financial Studies Division, Bank of Canada

  • 2015 – 2018  -  Adjunct Professor of Economics, University of Minnesota

  • 2010 – 2018  -  Assistant Professor of Economics, University of Western Ontario

  • 2009 – 2010  -  Research Analyst, Research Department, Federal Reserve Bank of Minneapolis

  • 2006 – 2010  -  Instructor, Economics Department, University of Minnesota

  • 2005 – 2006  -  Teaching Assistant, Economics Department, University of Minnesota

  • 2003 – 2005  -  Teaching Assistant, Economics Department, Iowa State University


Grants, Honors and Awards


  • 2017  -  Faculty of Social Science Internal Travel Grant  -  University of Western Ontario, $1,966.77

  • 2013  -  Faculty of Social Science FRDF Grant Competition – University of Western Ontario, $1,800

  • 2011  -  Faculty of Social Science Internal Travel Grant  -  University of Western Ontario, $703

  • 2008  -  Hardy Third-Year Paper Competition - 1st place, Department of Economics, University of Minnesota

  • 2006  -  Distinguished Teaching Assistant, Department of Economics, University of Minnesota

  • 2005  -  Distinguished Teaching Assistant, Department of Economics, University of Minnesota

Published Papers

  • “The contribution of firm profits to the recent rise in inflation” with Panos Bouras, Christian Bustamante, and Xing Guo

    • Economics Letters, 233 (2023)

  • “Non-traded goods, factor market frictions, and international capital flows” with Jacek Rothert

    • Review of Economic Dynamics, 48 (2023), pp. 158-177.

  • “Can Capital Deepening Explain the Global Decline in Labor's Share?” with Andy Glover

    • Review of Economic Dynamics, 35 (2020), pp. 35-53.​


Working Papers

  • “Demographic Origins of the Decline in Labor's Share” with Andy Glover

  • “Bankruptcy, Incorporation and the Nature of Entrepreneurial Risk” with Andy Glover.

  • “What Accounts for the Increase in Single Households?” with Ferdinando Regalia and José-Víctor Ríos-Rull.


Work in Progress

  • “Incorporation and the Cross-Country Differences in the Size Distribution of Firms” with Pedro Bento and  Andy Glover

  • “The Gender Wage Gap and Relative Productivities” with Andy Glover

  • “The Composition of Households and Entrepreneurship” with Andy Glover

  • “An Empirical Evaluation of Q Theory with Labor Adjustment Costs” with Andy Glover

  • “Assessing Impacts of Financial Constraints for Small and Medium Sized Enterprises” with Danny Leung and Yaz Terajima

  • “U.S.-Canada Productivity Differences, Entrepreneur Selection and Financing”


Professional Activities



  • 2022 - Midwest Macroeconomic Meetings (Logan, Utah), Asian Meetings of the Econometric Society (Tokyo, Japan) 

  • 2019 - Royal Holloway, CEMFI, Universidad de Alicante, Universitat Autonoma de Barcelona, IV MADMAC (CEMFI), Canadian Macro Study Group (Universite de Montreal), LACEA-LAMES (Puebla, Mexico), Banco de Mexico, Southern Economic Association (Fort Lauderdale, FL)

  • 2018 - Université Laval, Midwest Macroeconomic Meetings (Madison, WI), Queen Mary University of London, Midwest Macroeconomic Meetings (Nashville, TN), Bank of Canada, University of Western Ontario

  • 2017 - Society of Economic Dynamics (Edinburgh, Scotland), Society for the Advancement of Economic Theory (Faro, Portugal), Midwest Macroeconomic Meetings (Pittsburgh, PA), Federal Reserve Bank of Cleveland, University of Western Ontario (internal)

  • 2016 – Society of Economic Dynamics [SED] (Toulouse), Society for the Advancement of Economic Theory [SAET] (Rio de Janeiro), University of Western Ontario (internal)

  • 2015 – Midwest Macroeconomic Meetings (Rochester), University of Western Ontario (internal)

  • 2014 – Midwest Macroeconomic Meetings (Missouri), Canadian Macro Study Group (McMaster), University of Western Ontario (internal)

  • 2012  -  Midwest Macroeconomic Meetings (Notre Dame), NBER Summer Institute – EFACR Group, Board of Governors of the Federal Reserve System

  • 2011  -  CIRPEE Macro and Entrepreneur Conference (UQAM), Midwest Macroeconomic Meetings (Vanderbilt), Northwestern (Searle Center), Federal Reserve Bank of Chicago, SED (Ghent), Queen's University, University of Toronto (Rotman), Ryerson University

  • 2010  -  Universitat Pompeu Fabra, Federal Reserve Bank of Philadelphia, The Wharton School at University of Pennsylvania, University of Wisconsin-Madison, The Ohio State University, Bank of Canada, Carnegie Mellon University, University of Western Ontario, University of London – Royal Holloway, EERTEC (Florence) and SED (Montreal)



  • Referee for the Social Sciences and Humanities Research Council

  • Referee for the AEJ Macroeconomics, AER Insights, B.E. Journal of Macroeconomics, Bulletin of Economic Research, Empirical Economics, Economic Journal, European Economic Review, International Finance, Journal of Economic Dynamics and Control, Journal of Economics and Management Strategy, Oxford Economic Papers, Quantitative Economics, Review of Economic Dynamics, Review of Economics and Statistics, Review of Economic Studies, The Scandinavian Journal of Economics.


Teaching, Advising and Service


Courses Taught:

   University of Western Ontario

  • Advanced Macroeconomics (Undergrad), Intermediate Macroeconomics (Undergrad), Economics of Entrepreneurship (Undergrad), Macroeconomics I (MFE), Money/Macro Workshop (Grad)

   University of Minnesota

  • Senior Thesis Seminar (Undergrad), Intermediate Macroeconomics (Undergrad), Economic Development (Undergrad), Principles of Macroeconomics (Undergrad), Principles of Microeconomics (Undergrad).


PhD Dissertation:


University of Western Ontario

  • Chidozie Okoye (examiner)

  • Douwere Grekou (examiner)

  • George Jia (examiner)

  • Huan Gao (examiner)

  • Masashi Miyari (examiner)

  • Xiaoyu Yu (committee member)

  • James Partridge (committee member)

  • Hyeongsuk Jin (committee member)

  • Jin Zhou (examiner)



  • 2016-2017  -  Member, Graduate Studies Awards Committee

  • 2016-2017  -  Faculty-at-Large, Economics Representative, MFE Committee

  • 2016-2017  -  Subject Coordinator, Macroeconomics

  • 2015-2016  -  Director, Money/Macro Workshop

  • 2015-2016  -  co-director, Centre for Financial Innovation and Risk Management, UWO

  • 2014-2015  -  Member, Appointments Committee, UWO

  • 2013-2014  -  Member, Appointments Committee, UWO

  • 2013-2014  -  Member, Graduate Studies Awards Committee

  • 2012-2013  -  Member, Appointments Committee, UWO

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