Jamie is a Manager in Payment and Settlement Operations in the Funds Management and Banking Department (FBD). In this role, she is part of the team that settles the domestic and foreign financial transactions, and maintains relations with foreign central bank clients. Prior to working in FBD, Jamie has held various positions, including, in the Bank’s Financial Stability Department working in the oversight of financial market infrastructures and supporting international financial sector policies, and in the Canadian Economic Analysis Department forecasting the Canadian economy, analysing core inflation measures, and monetary policy rules. She holds an MA in economics from the University of British Columbia.

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Staff Working Papers

An Evaluation of Core Inflation Measures

Staff Working Paper 2006-10 Jamie Armour
The author provides a statistical evaluation of various measures of core inflation for Canada.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Inflation and prices JEL Code(s): E, E3, E31

Taylor Rules in the Quarterly Projection Model

Staff Working Paper 2002-1 Ben Fung, Dinah Maclean, Jamie Armour
In recent years, there has been a lot of interest in Taylor-type rules. Evidence in the literature suggests that Taylor-type rules are optimal in a number of models and are fairly robust across different models.

A Distant-Early-Warning Model of Inflation Based on M1 Disequilibria

A vector error-correction model (VECM) that forecasts inflation between the current quarter and eight quarters ahead is found to provide significant leading information about inflation. The model focusses on the effects of deviations of M1 from its long-run demand but also includes, among other things, the influence of the exchange rate, a simple measure of the output gap and past prices.

Overnight Rate Innovations as a Measure of Monetary Policy Shocks in Vector Autoregressions

Staff Working Paper 1996-4 Walter Engert, Ben Fung, Jamie Armour
The authors examine the Bank of Canada's overnight rate as a measure of monetary policy in vector autoregression (VAR) models. Since the time series of the Bank's current measure of the overnight rate begins only in 1971, the authors splice it to day loan rate observations to obtain a sufficiently long period of data.