Gino Cateau was appointed Deputy Managing Director of the Bank’s Financial Stability Department (FSD), effective March 18, 2019. In this capacity, he is a member of the Bank’s senior management team, providing leadership and strategic direction to FSD, and helping oversee analysis and research on risks to financial stability and their implications for policy.
Gino joined the Bank in 2004 as a Senior Analyst with the Canadian Economic Analysis Department and has since held increasingly senior positions, most recently a Senior Policy Director in the International Economic Analysis Department. He has worked on the assessment of household vulnerabilities, developed macroeconomic models with financial linkages to analyze the interaction between monetary and macroprudential policy, analyzed the implications of uncertainty on monetary policy decisions, and the design of robust policy frameworks.
Born in Mauritius, Gino has a BSc and MSc in econometrics and mathematical economics from the London School of Economics, and a PhD in economics from the University of Chicago.
Staff Working Papers
Bank of Canada Review Article
Financial System Review Article
Indebted Households and Potential Vulnerabilities for the Canadian Financial System: A Microdata AnalysisOver the past decade, an increasing proportion of households in Canada have become highly indebted relative to their income. These highly indebted households now hold one-fifth of total Canadian household debt.Simulations suggest that this greater degree of household indebtedness could exacerbate the impact of shocks to income and interest rates relative to the pre-crisis period. However, an assessment of the vulnerability of the Canadian financial system should, among other factors, account for the ability of Canadian financial institutions to withstand losses from the household sector.
- "Monetary Policy under Model and Data-Parameter Uncertainty"
Journal of Monetary Economics, vol. 54(7), pp 2083-2101, October 2007.
- "Price Level versus Inflation Targeting under Model Uncertainty"
Canadian Journal of Economics, vol. 50(2), May 2017 (Harry Johnson award for best paper published in CJE in 2017).
- "A policy model to analyze macroprudential regulations and monetary policy"
(with Sami Alpanda and Césaire Meh), Canadian Journal of Economics, vol. 51(3), August 2018.