Research

Two Sides of the Same Coin: Expected Reaction Functions and Perceived Monetary Policy Shocks.

(Draft)  (Slides)  (Online Appendix coming soon)  (Shock estimates coming soon)  (Citation)

Forward Guidance and Expectation Formation: A Narrative Approach.  Journal of Applied Econometrics.

(JAE paper)  (Appendix)  (BoC WP)  (BIS WP)  (Data and Code)  (Citation)

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  (Bank of Canada Staff Analytical Paper).

Review of the Bank of Canada’s Exceptional Policy Actions During the Pandemic  (link). Media coverage: WSJ, BNN Bloomberg, Globe and Mail, CBC, Reuters.

What Explains Month-End Funding Pressure in Canada?  (Bank of Canada Discussion Paper).