Hélène Desgagnés

Senior economist

Senior economist in the Canadian Economic Analysis Department since August 2016.

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Hélène Desgagnés

Senior economist
Canadian Economic Analysis
Model Development

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

Latest

The Rise of Non-Regulated Financial Intermediaries in the Housing Sector and its Macroeconomic Implications

Staff Working Paper 2017-36 Hélène Desgagnés
I examine the impact of non-regulated lenders in the mortgage market using a dynamic stochastic general equilibrium (DSGE) model. My model features two types of financial intermediaries that differ in three ways: (i) only regulated intermediaries face a capital requirement, (ii) non-regulated intermediaries finance themselves by selling securities and cannot accept deposits, and (iii) non-regulated intermediaries face a more elastic demand.

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Education

  • PhD, University of Toronto
  • M.A., Université Laval
  • B.A., Université Laval

Research Interests

  • Macroeconomics

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