We model a two-tiered market structure in which an investor can trade an asset on a trading platform with a set of dealers who in turn have access to an interdealer market. The investor's order is informative about the asset's payoff and dealers who were contacted by the investor use this...

In this paper, we evaluate seven simple monetary policy rules in a wide range of models of the Canadian economy. Our results indicate that none of the seven simple policy rules we examined is robust to model uncertainty, in that no single rule performs well in all models. In fact, our results...

This paper studies how labor flexibility and mobility induced by the gig economy, affects corporate investment, by exploiting the staggered entry of the leading online delivery platforms into different cities in China and across the globe. The results show that, following the entry of delivery...