September 16, 2015
Promoting Canada’s economic and financial well-being
Deputy Governor Agathe Côté discusses the core responsibilities of the Bank and the economic outlook.
Bio
Agathe Côté served as Deputy Governor of the Bank of Canada from July 2010 until her retirement from the Bank in February 2016. As a member of the Bank’s Governing Council, she shared responsibility for decisions with respect to monetary policy and financial system stability, and for setting the strategic direction of the Bank.
Born in Saint-Hyacinthe, Quebec, Ms. Côté received a bachelor’s degree in economics in 1981 and a master’s degree in economics in 1983, both from the University of Montréal.
Ms. Côté joined the Bank in 1982 as an economist in the International Department and, later, in the Department of Monetary and Financial Analysis. After assuming a series of positions of increasing responsibility, Ms. Côté was appointed Deputy Chief of the Department of Monetary and Financial Analysis in 2000 and, in 2001, Deputy Chief of the Financial Markets Department. From 2003 until 2008, she was Chief of the Bank’s Research Department (now Canadian Economic Analysis). In 2008, Ms. Côté was appointed Advisor to the Governor, with responsibilities in the area of domestic and international monetary policy issues, and Secretary to the Governing Council for Monetary Policy. Ms. Côté has also been a member of Statistics Canada’s Advisory Committee on National Accounts.
Speeches
February 19, 2015
Inflation, Expectations and Monetary Policy
Deputy Governor Agathe Côté discusses the importance of inflation expectations for monetary policy and a new survey the Bank of Canada created to monitor household expectations.
November 18, 2014
Inflation Targeting in the Post-Crisis Era
Deputy Governor Agathe Côté discusses the inflation-targeting framework and issues the Bank is researching in the run-up to the renewal of the framework in 2016.
September 30, 2014
Promoting Canada’s economic and financial well-being
Deputy Governor Agathe Côté will discuss the four main responsibilities of the Bank and its economic outlook.
October 29, 2013
The Promise of Potential
In her speech, The Promise of Potential, Deputy Governor Agathe Côté discusses potential output in Canada and its implications for the economy and inflation.
March 26, 2013
Toward a Stronger Financial Market Infrastructure for Canada: Taking Stock
Deputy Governor Agathe Côté discusses accomplishments and work still to do by public and private sector stakeholders to make financial market infrastructure more resilient.
Bank publications
Bank of Canada Review articles
December 13, 1999
Feedback Rules for Inflation Control: An Overview of Recent Literature
Feedback rules are rules aimed at guiding policy-makers as they face the problem of keeping inflation close to a desired path without causing variability elsewhere in the economy. These rules link short-term interest rates, controlled by the central bank, to the rate of inflation and/or its deviation from a target rate.
The authors describe the most popular types of feedback rules and review some simulation results.
August 10, 1996
Inflation expectations and Real Return Bonds
The existence of a market for Real Return Bonds in Canada provides a direct tool with which to measure market expectations of inflation by comparing the yields on these bonds with those on conventional Government of Canada long-term bonds. However, there are other factors besides inflation expectations that may affect the yield differential. After reviewing these factors, the authors note that they can lead to a potentially large bias in the level of inflation expectations.
The changes in the differential over time may, nonetheless, be a good indicator of movements in long-run inflation expectations. Based on this measure, expectations of long-run inflation have declined since late 1994.