People

James Yetman completed his undergraduate studies in Economics at the University of Canterbury followed by a Masters from the University of British Columbia and a Ph.D from Queen's University at Kingston, which he completed in 1998.

Following the completion of his education, he worked in the Research Department of the Bank of Canada for three years, on a variety of research projects related to Monetary Policy credibility, learning, testing policy objectives, and the impact of sticky prices on the macroeconomy. He joined the School of Economics and Finance in August, 2001. He has also visited the Hong Kong Monetary Authority (in the capacity of Research Advisor), the Hong Kong Institute for Economic Research (Research Fellow), and the European Central Bank (Research Visitor). His recent research interests have been somewhat eclectic, spanning the relationship between currency unions and economic openness, the nature and impact of nominal rigidities in the economy, exchange rate pass-through, central bank transparency, and terrorism.

Current research focuses on the robustness of monetary policy rules, how monetary policy should be conducted with state contingent prices, and the production location decision of firms.

All papers are available for downloading here.

• "The Evolution of Consensus in Macroeconomic Forecasting,"
  (with Allan W. Gregory), International Journal of Forecasting, forthcoming.
• "Suicidal Terrorism and Discriminatory Screening: An Efficiency-Equity Trade-off,"
  Defense and Peace Economics, forthcoming.
• "Price Setting and Exchange Rate Pass-through: Theory and Evidence,"
  (with Michael B. Devereux), Price Adjustment and Monetary Policy: Proceedings of a Conference Held at the Bank of Canada, November 2002, forthcoming.
• "Predetermined Prices and the Persistent Effects of Money on Output,"
  (with Michael B. Devereux), Journal of Money, Credit, and Banking, 35(5), October 2003, pp.729-741.
• "Fixed Prices versus Predetermined Prices and the Equilibrium Probability of Price Adjustment,"
  Economics Letters, 80(3), September 2003, pp.421-427.
• "Probing Potential Output: Monetary Policy, Credibility, and Optimal Learning Under Uncertainty,"
  Journal of Macroeconomics, 25(3), September 2003, pp.311-330.
• "Menu Costs and the Long-Run Output-Inflation Trade-off,"
  (with Michael B. Devereux), Economics Letters, 76(1), June 2002, pp.95-100.
• "Identifying a Policymaker's Target: An Application to the Bank of Canada,"
  (with Nicholas Rowe), Canadian Journal of Economics, 35(2), May 2002, pp.239-256.
• "Productivity Growth and Prices in Canada: What can we Learn from the U.S. Experience?,"
  (with Tiff Macklem), Empirical Studies of Structural Changes and Inflation, Bank for International Settlements, August 2001, pp.29-48.
• "Testing for Forecast Consensus,"
  (with Allan W. Gregory and Gregor W. Smith), Journal of Business and Economic Statistics, 19(1), January 2001, pp.34-43.