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Bank of Canada

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Publications & Research

Research

Economics Staff

Toni Gravelle

Deputy Chief
Mail:
Bank of Canada
234 Wellington Street
Ottawa, Ontario K1A 0G9
Canada
Email :
tgravelle@bankofcanada.ca
Education:
  • Ph.D., University of Western Ontario
  • B.A. (Honours), University of Western Ontario
Research Interests:
  • market microstructure, corporate finance
  • fixed income analysis, Credit and corporate default analysis
  • monetary policy implementation and financial stability
Language(s):
  • English and French
Publications:
Refereed journals:
"What is Old is New Again," in The Manchester School, December, 1996.
"Reactions of Canadian Interest Rates to Macroeconomic Announcements: Implications for Monetary Policy Transparency,"
(with Richhild Moessner), Journal of Bond Trading & Management, July 2002.
"A Kalman Filter Approach to Characterizing the Canadian Term Structure of Interest Rates,"
(with James Morley), Applied Financial Economics, June 2005.
"Detecting Shift-Contagion in Currency and Bond Markets"
(with James Morley and Maral Kichian), Journal of International Economics, March 2006.
Bank of Canada publications:
"The Market Impact of Forward-Looking Policy Statements: Transparency vs. Predictability,"
(with Christine Fay), Bank of Canada Review, Winter 2008-2009.
"The Implementation of Monetary Policy in Canada,"
(with Walter Engert and Donna Howard) Discussion Paper No. 2008-9.
"Bank of Canada Workshop on Derivatives Markets in Canada and Beyond,"
Bank of Canada Review, Autumn 2007.
"Shift Contagion in Asset Markets,"
(with Maral Kichian and James Morley) Bank of Canada Working Paper No. 2003-5.
"Alternative Trading Systems: Does One Shoe Fit All?,"
(with Nicolas Audet and Jing Yang) Bank of Canada Working Paper No. 2002-33.
"The Microstructure of Multiple-Dealer Equity and Government Securities Markets: How They Differ"
Bank of Canada Working Paper No. 2002-9.
"Canadian Interest Rate Reactions to Macroeconomic Announcements: Some Implications for
Financial Market Integration and Monetary Policy Transparency" (with Richhild Moessner) Working Paper No. 2001-5.
"Liquidity of the Government of Canada Securities Market: Stylized facts and some market microstructure
comparisons to the United States Treasury market," Bank of Canada Working Paper No. 99-11.
"Markets for Government of Canada Securities in the 1990s: Liquidity and Cross-Country Comparisons,"
Bank of Canada Review, Autumn 1999.
"Buying Back Government Bonds: Mechanics and Other Considerations"
Bank of Canada Working Paper No. 98-9.
"Towards a new measure of interest rate expectations in Canada: Estimating a time-varying term premium"
(with Philippe Muller and David Stréliski) in Proceedings of a conference held at the Bank of Canada, May 1998.
Other Publications:
"Market Microstructure of Dealership Equity and Government
Securities Markets: How They Differ" BIS-CGFS paper, February 2000.
"Comment on GSE Debt and the Decline in the Treasury Debt Market"
Journal of Money, Credit and Banking, vol 34(3-Part 2), August 2002.
"Measures of monetary policy transparency and the transmission mechanism,"
(with Richhild Moessner and Peter Sinclair) in How Monetary Policy Works edited by Lavan Mahadeva and Peter Sinclair, Routledge, 2005.
"The END: A New Indicator of Financial and Nonfinancial Corporate Sector Vulnerability,"
(with Jorge Chan-lau) International Monetary Fund Working Paper No. 05/231.
List of members of our economics research staff and executive in alphabetical order.