Brigitte Desroches

Senior Policy Director

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Bio

Brigitte Desroches is a Senior Policy Director in the Canadian Economic Analysis Department. In this capacity, she is a member of the senior leadership team overseeing the Bank's analysis of the Canadian economy and its research on monetary policy. In addition, she conducts analysis and research on current economic issues and monetary policy more generally. Her primary interests include economic forecasting and policy analysis.

Brigitte became an Economist in the International Economic Analysis Department in 2003. Over the years, she has held increasingly senior positions in the International Economic Analysis Department and the Canadian Economic Analysis Department. She developed a particular expertise in forecasting and macroeconomic modelling, contributing to policy-relevant research and analysis.

More recently, Ms. Desroches was the Director of the Canadian Projections and Policy Analysis Division. In this capacity, she oversaw the analysis of economic developments in Canada, assessed their impact on the outlook and provided a recommendation to Governing Council for the setting of monetary policy. She subsequently became Senior Policy Adviser in the Canadian Economic Analysis Department, leading the departments’ contributions to the Bank of Canada’s Monetary Policy Report (MPR).


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Staff Discussion Papers

Financial Spillovers Across Countries: The Case of Canada and the United States

Staff Discussion Paper 2011-1 Kimberly Beaton, Brigitte Desroches
The authors investigate financial spillovers across countries with an emphasis on the effect of shocks to financial conditions in the United States on financial conditions and economic activity in Canada. These questions are addressed within a global vector autoregression model.

Staff Working Papers

World Real Interest Rates: A Global Savings and Investment Perspective

Staff Working Paper 2007-16 Brigitte Desroches, Michael Francis
Over the past 15 years, long-term interest rates have declined to levels not seen since the 1970s. This paper explores possible shifts in global savings and investment that have led to this fall in the world real interest rate.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Interest rates, International topics JEL Code(s): E, E2, E4, F, F3

Institutional Quality, Trade, and the Changing Distribution of World Income

Staff Working Paper 2006-19 Brigitte Desroches, Michael Francis
Conventional wisdom holds that institutional changes and trade liberalization are two main sources of growth in per capita income around the world.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Development economics, International topics JEL Code(s): F, F1, F11, F15, O, O1, O11, P, P4, P48

The Transmission of World Shocks to Emerging-Market Countries: An Empirical Analysis

Staff Working Paper 2004-44 Brigitte Desroches
The first step in designing effective policies to stabilize an economy is to understand business cycles. No country is isolated from the world economy and external shocks are becoming increasingly important.

The Usefulness of Consumer Confidence Indexes in the United States

Staff Working Paper 2002-22 Brigitte Desroches, Marc-André Gosselin
This paper assesses the usefulness of consumer confidence indexes in forecasting aggregate consumer spending in the United States.

Journal Publications

Refereed journals

  • World Real Interest Rates: A Global Savings and Investment Perspective
    (with Michael Francis), Applied Economics, forthcoming in 2008H2.
  • Evaluating Threshold Effects in Consumer Sentiment
    (with Marc-André Gosselin), Southern Economic Journal, Vol. 70, April 2004.

Other publications

  • "The Transmission of World Shocks to Emerging-Market Countries: An Empirical Analysis"
    Money Affairs, Vol. XVIII, No. 2, July-December 2005.
  • "Explicación de cómo se transmiten los choques mundiales a los países de mercados emergentes: un análisis empírico"
    Monetaria, Vol. XXVIII, No. 3, July-September 2005.
  • "Institutional Reform, Trade and Growth: The Experiences of India and China in a Global Economy"
    (with Michael Francis and Francois Painchaud). Proceedings of the International Conference on Economic Reforms in India and China, Indira Gandhi Institute, February 2005.