Research

Estimating Perceived Reaction Functions and Implied Monetary Policy Shocks.

(Draft)  (Slides)  (Online Appendix coming soon)

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  (coming Summer 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)