
Christian Bustamante
Senior Economist
- Ph.D. in Economics, Ohio State University
- M.A. in Economics, Ohio State University
- M.A. in Economics, Universidad de Los Andes
- B.A. in Economics, Pontificia Universidad Javeriana – Cali
Bio
Christian Bustamante is a Senior Economist in the Financial Stability Department at the Bank of Canada. He is a quantitative macroeconomist with interest in monetary economics, firm dynamics and heterogeneity. His research focuses on understanding the role of financial factors in heterogeneous agent monetary economies. He received his Ph.D. in Economics from the Ohio State University.
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Staff discussion papers
Staff working papers
More Money for Some: The Redistributive Effects of Open Market Operations
I use a search-theoretic model of money to study how open market operations affect the conduct of monetary policy and what this means for households along the wealth distribution. In the model, households vary in the size and composition of their portfolios, which in turn implies that they may be unevenly affected by open market operations.Journal publications
Refereed journals
- "Countercyclical Reserve Requirements in a Heterogeneous-Agent and Incomplete Financial Markets Economy", (with Franz Hamann), Journal of Macroeconomics, Vol. 46: 55–70.