Dmitry Matveev

dmatveev@bank-banque-canada.ca

Senior Economist

Canadian Economic Analysis
Monetary Policy and Financial Studies Division
  • Ph.D, Economics, Universitàt Autonòma de Barcelona, Spain, 2015
  • M.Sc., Economics, Universitàt Autonòma de Barcelona, Spain, 2011
  • M.Sc. (Diploma), Applied Math, South Ural State University, Russia, 2009

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Bio

Dmitry Matveev is a Senior Economist in the Monetary Policy and Financial Studies Division of the Canadian Economic Analysis Department. His research interests include Macroeconomics, Monetary Economics, and Monetary and Fiscal policy. Dmitry has previous experience working as a Postdoctoral Researcher at the Mannheim University, Germany. He holds a Ph.D. in Economics from Universitàt Autonòma de Barcelona.

Research Fields: Macroeconomics Monetary and Fiscal Policy Monetary Economics
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Staff Analytical Notes

Furor over the Fed : Presidential Tweets and Central Bank Independence

Staff Analytical Note 2019-33 Antoine Camous, Dmitry Matveev
We illustrate how market data can be informative about the interactions between monetary and fiscal policy. Federal funds futures are private contracts that reflect investor’s expectations about monetary policy decisions.
Content Type(s): Staff Research, Staff Analytical Notes Topic(s): Central bank research, Credibility, Financial markets, Monetary Policy JEL Code(s): E, E4, E44, E5, E52, E58

Staff Working Papers

Monetary Policy and Government Debt Dynamics Without Commitment

Staff Working Paper 2019-52 Dmitry Matveev
I show that maturity considerations affect the optimal conduct of monetary and fiscal policy during a period of government debt reduction. I consider a New Keynesian model and study a dynamic game of monetary and fiscal policy authorities without commitment, characterizing the incentives that drive the choice of interest rate.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Fiscal Policy, Monetary Policy JEL Code(s): E, E5, E52, E6, E62, E63

Do Survey Expectations of Stock Returns Reflect Risk Adjustments?

Staff Working Paper 2019-11 Klaus Adam, Dmitry Matveev, Stefan Nagel
Motivated by the observation that survey expectations of stock returns are inconsistent with rational return expectations under real-world probabilities, we investigate whether alternative expectations hypotheses entertained in the literature on asset pricing are consistent with the survey evidence.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Asset Pricing, Economic models, Financial markets JEL Code(s): G, G1, G10, G12

Time-Consistent Management of a Liquidity Trap with Government Debt

Staff Working Paper 2018-38 Dmitry Matveev
This paper studies optimal discretionary monetary and fiscal policy when the lower bound on nominal interest rates is occasionally binding in a model with nominal rigidities and long-term government debt. At the lower bound it is optimal for the government to temporarily reduce debt.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Fiscal Policy, Monetary Policy JEL Code(s): E, E5, E52, E6, E62, E63

Journal Publications

  • “Monetary Policy and Government Debt without Commitment”, Working Paper
  • “Time-Consistent Management of a Liquidity Trap with Debt”, Working Paper