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Bank of Canada

Principal Economist

Ottawa, ONCAD127K - CAD149K / yearPosted 2 weeks ago
Full-timehybridprincipal

Job Description

  • lead and conduct analysis and research that supports the department’s contribution to monetary policy decisions
  • contribute to the analysis and development of tools that improve our understanding of financial markets segments that are relevant for monetary policy
  • lead and conduct analysis and research that supports our understanding of the role of financial conditions on the decision-making of Canadian firms
  • foster collaborative working relationships with your peers within MBD and with other departments with whom we work closely
  • build and deepen in house expertise on how financial market developments transmit to the Canadian real economy, strengthening the integration of financial insights into monetary policy analysis, FAD (Fixed Announcement Date) deliverables, cross departmental engagement, and the evolution of the NexGen modelling framework
  • develop subject matter expertise in equity markets to strengthen the interpretation of market signals on firm earnings, financing conditions, and investment outlooks, enhancing the quality of FAD deliverables, briefing notes, SAPs, and other policy facing analysis
  • assess monetary policy implications of financial market developments to strengthen understanding of market–economy linkages
  • provide thought leadership on equity markets while enhancing and evolving the Equity Risk Premium model
  • review academic literature to develop a conceptual framework for the main channels through which bond, equity, credit, and foreign exchange markets affect real economic outcomes
  • establish initial quantitative evidence via established empirical frameworks, available data, and research/policy priorities
  • explore new LSEG data sources, including long-term firm earnings forecasts from IBES, to reduce reliance on simplifying assumptions and improve the measurement of expected earnings
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    1001-5000 employees
    Ottawa, Canada
    Website