Bio

Jaime Trujillo is a Principal Economist in the Bank of Canada’s International Projection Division, where he contributes to the production and communication of the Bank of Canada’s global macroeconomic outlook. Jaime joined the Bank's Canadian Economic Analysis (CEA) Department in 2016 where he worked across several divisions, including the Real Economic Activity Division, Canadian Studies Division and the Projection Division. He holds a M.A. in economics from the University of Ottawa.

Research Field(s): Applied Econometrics International Macroeconomics Macroeconomics Monetary Economics

Staff analytical notes

Assessing the effects of higher immigration on the Canadian economy and inflation

Staff Analytical Note 2023-17 Julien Champagne, Erik Ens, Xing Guo, Olena Kostyshyna, Alexander Lam, Corinne Luu, Sarah Miller, Patrick Sabourin, Joshua Slive, Temel Taskin, Jaime Trujillo, Shu Lin Wee
We assess the complex macroeconomic implications of Canada’s recent population increases. We find that newcomers significantly boost the non-inflationary, potential growth of the economy, but existing imbalances in the housing sector may be exacerbated. Greater housing supply is needed to complement the long-term economic benefits of population growth.
Content Type(s): Staff research, Staff analytical notes Topic(s): Domestic demand and components, Housing, Inflation and prices, Labour markets, Potential output, Recent economic and financial developments JEL Code(s): A, A1, A10, E, E2, E20, E3, E31, J, J1, J11, J15

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Staff discussion papers

COVID-19, Containment and Consumption

Staff Discussion Paper 2022-5 Tatjana Dahlhaus, Daniel Hyun, Antoine Poulin-Moore, Jaime Trujillo, Saarah Sheikh, Benjamin Straus
We assess the impact of COVID-19 on consumption indicators by estimating the effects of government-mandated containment measures and of the willingness of individuals to voluntarily physically distance to prevent contagion.
Content Type(s): Staff research, Staff discussion papers Topic(s): Coronavirus disease (COVID-19), Domestic demand and components JEL Code(s): C, C2, C23, D, D1, D12, E, E6, E65, I, I1, I18

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