Bio

Gabriel Bruneau is a Principal Economist in the Financial Stability Department at the Bank of Canada. He is a macroeconomist and an applied econometrician whose primary research interests center on the monetary economics and financial stability, and the development of nonlinear estimation methods in econometrics. He received his Ph.D. in economics from the University of Montreal.


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Staff working papers

Housing Market Dynamics and Macroprudential Policy

Staff Working Paper 2016-31 Gabriel Bruneau, Ian Christensen, Césaire Meh
We perform an analysis to determine how well the introduction of a countercyclical loanto- value (LTV) ratio can reduce household indebtedness and housing price fluctuations compared with a monetary policy rule augmented with house price inflation.

Exchange Rate Fluctuations and Labour Market Adjustments in Canadian Manufacturing Industries

Staff Working Paper 2015-45 Gabriel Bruneau, Kevin Moran
We estimate the link between exchange rate fluctuations and the labour input of Canadian manufacturing industries. The analysis is based on a dynamic model of labour demand, and the econometric strategy employs a panel two-step approach for cointegrating regressions.

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Bank publications

Financial System Review articles

June 8, 2017

Canada’s International Investment Position: Benefits and Potential Vulnerabilities

While greater global financial integration is beneficial, the authors discuss how foreign capital inflows can also facilitate the buildup of domestic vulnerabilities and potentially lead to destabilizing reversals. Canada’s current international investment position is typical of advanced economies and will likely continue to act as an economic stabilizer. However, the growth and composition of Canada’s international investment position warrant continued monitoring.

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Journal publications

Refereed journals

  • “Housing market dynamics and macroprudential policies"
    (with Ian Christensen and Césaire A. Meh), Canadian Journal of Economics, August 2018, Volume 51, No. 3, Pages 864-900
  • “Exchange rate fluctuations and labour market adjustments in Canadian manufacturing industries"
    (with Kevin Moran), Canadian Journal of Economics, February 2017, Volume 50, No. 1, Pages 72-93