- Ph.D., Economics, Carleton University (2013)
- M.A., Economics, Carleton University (2005)
- B.B.A., Finance, Institute of Business Administration, Dhaka University (2002)
Abeer Reza is a Senior Analyst in the International Economic Analysis Department at the Bank of Canada. His current research centers on the role of financial frictions in the transmission of business cycles. Abeer Reza received his PhD in economics from Carleton University.
Staff discussion papers
Staff working papers
Exports and the Exchange Rate: A General Equilibrium PerspectiveHow do a country’s exports change when its currency depreciates? Does it matter which forces drive the exchange rate deprecation in the first place? We find that this relationship varies greatly depending on what drives exchange rate movements, and we conclude that the direct relationship between the exchange rate and exports is weak for Canada.
Household Heterogeneity and the Performance of Monetary Policy FrameworksConsumption inequality and a low interest rate environment are two important trends in today’s economy. But the implications they may have—and how those implications interact—within different monetary policy frameworks are not well understood. We study the ranking of alternative frameworks that take these trends into account.
International Transmission Channels of U.S. Quantitative Easing: Evidence from CanadaThe U.S. Federal Reserve responded to the great recession by reducing policy rates to the effective lower bound. In order to provide further monetary stimulus, they subsequently conducted large-scale asset purchases, quadrupling their balance sheet in the process.
Bank of Canada Review articles
November 16, 2017
An Update on the Neutral Rate of InterestThe neutral rate serves as a benchmark for measuring monetary stimulus and provides a medium- to long-run anchor for the real policy rate. Global neutral rate estimates have been falling over the past few decades. Factors such as population aging, high corporate savings, and low trend productivity growth are likely to continue supporting a low global neutral rate. These global factors as well as domestic factors are exerting downward pres-sure on the Canadian real neutral rate, which is estimated to be between 0.5 to 1.5 per cent. This low neutral rate has important implications for monetary policy and financial stability.
November 19, 2015
Is Slower Growth the New Normal in Advanced Economies?This article reviews and examines some of the main explanations for the slow growth that many advanced economies continue to experience seven years after the 2007–09 global financial crisis. Does this muted recovery reflect just a prolonged cycle in the aftermath of a financial crisis? Is it due to a structural inadequacy of demand leading to a long-lasting liquidity trap? Or is it largely supply side in nature, reflecting demographic and technological factors?
- "Consumption Response to Investment Shocks under Financial Frictions"
Economics Letters, Elsevier, vol. 123(1), pages 50-53.
- "House Prices, Consumption, and Government Spending Shocks"
(with Hashmat Khan)
Carleton Economic Papers 13-10, Carleton University, Department of Economics.
- "Search Frictions, Bank Leverage, and Gross Loan Flows"