Two Sides of the Same Coin: Expected Reaction Functions and Perceived Monetary Policy Shocks.
(Draft) (Slides) (Online Appendix coming soon)
How Do Central Bank Projections and Forward Guidance Influence Private-Sector Forecasts? International Journal of Central Banking.
(IJCB paper) (Appendix) (BoC WP) (Data) (Citation)
Policy Work
Extraordinary Forward Guidance in Canada during the Pandemic (coming Autumn 2025).
Review of the Bank of Canada’s Exceptional Policy Actions During the Pandemic (link). Media coverage: WSJ, BNN Bloomberg.
What Explains Month-End Funding Pressure in Canada? (Bank of Canada Discussion Paper).