Harriet Jackson was appointed Deputy Managing Director of the Bank’s International Economic Analysis Department (INT), effective November 1, 2017. In this capacity, she is a member of the Bank’s senior leadership team, overseeing analysis on global economic developments and their implications for Canadian monetary policy.
Ms. Jackson first joined the Bank in 2007 as Principal Researcher in the Research department, now Canadian Economic Analysis (CEA). She later became Policy Advisor in INT, leading the department’s contribution to the Bank’s flagship publication, the Monetary Policy Report. She was appointed Senior Officer in CEA in August 2015, providing support to the fixed announcement date process and overseeing the work of the Regional Analysis Division.
Ms. Jackson previously worked at the Department of Finance Canada and at the Privy Council Office, where she provided advice on a wide range of fiscal and macroeconomic issues.
Ms. Jackson was born in Kitchener, Ontario, and completed both her undergraduate and master’s degrees in economics at McMaster University in Hamilton.
A key issue in the renewal of the inflation-control agreement is the question of the appropriate level of the inflation target. Many observers have raised concerns that with the reduction in the neutral rate, and the experience of the recent financial crisis, the effective lower bound (ELB) is more likely to be binding in the future if inflation targets remain at 2 per cent.