Christopher S. Sutherland

Senior Economist

Christopher Sutherland is a Senior Economist in the Monetary Policy Analysis and Research Division in the Financial Markets Department at the Bank of Canada. His primary research and policy interest is central bank communication. Specific topics include forward guidance, central bank projections, and monetary policy communication tactics.

Contact

Senior Economist
Financial Markets
Monetary Policy Analysis and Research

Bank of Canada
234 Wellington Street
Ottawa, ON, K1A 0G9

Latest

How Do Central Bank Projections and Forward Guidance Influence Private-Sector Forecasts?

Staff Working Paper 2018-2 Monica Jain, Christopher S. Sutherland
We construct a 23-country panel data set to consider the effect of central bank projections and forward guidance on private-sector forecast disagreement. We find that central bank projections and forward guidance matter mainly for private-sector forecast disagreement surrounding upcoming policy rate decisions and matter less for private-sector macroeconomic forecasts.

What Explains Month-End Funding Pressure in Canada?

Staff Discussion Paper 2017-9 Christopher S. Sutherland
The Canadian overnight repo market persistently shows signs of latent funding pressure around month-end periods. Both the overnight repo rate and Bank of Canada liquidity provision tend to rise in these windows. This paper proposes three non-mutually exclusive hypotheses to explain this phenomenon.

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Education

  • M.Sc. (Distinction), London Business School
  • B.Com (Honours), Queen’s University

    Research Interests

    • Central bank communication
    • Applied econometrics

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