Jeannine Bailliu

Senior Policy Advisor

Jeannine Bailliu is a Senior Policy Advisor in the International Economic Analysis Department. Her primary research interests are international finance, international economics, and applied econometrics. She has conducted research on the Chinese economy, exchange rate and monetary policy regimes, exchange rate pass-through, exchange rate determination and macroeconomic modelling. Prior to joining the Bank of Canada, she obtained a Ph.D. in Economics from the University of California in Santa Cruz; she also worked for the Organisation for Economic Co-operation and Development in Paris.


Senior Policy Advisor
International Economic Analysis
Strategic Leadership Group

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


Global Commodity Markets and Rebalancing in China: The Case of Copper

Given that China accounts for about half of global copper consumption, it is reasonable to expect that any significant change in Chinese copper consumption will have an impact on the global market.

Can Media and Text Analytics Provide Insights into Labour Market Conditions in China?

The official Chinese labour market indicators have been seen as problematic, given their small cyclical movement and their only-partial capture of the labour force. In our paper, we build a monthly Chinese labour market conditions index (LMCI) using text analytics applied to mainland Chinese-language newspapers over the period from 2003 to 2017.
November 17, 2016

Structural Reforms and Economic Growth in Emerging-Market Economies

Growth has slowed in many emerging-market economies (EMEs) since the 2007–09 global financial crisis, reflecting both cyclical and structural factors. In this context, it will be in-creasingly important for EMEs to raise potential growth by maintaining steady progress on structural reforms. How do structural reforms generally support growth? What are the re-form priorities for EMEs over recent history and today? Finally, what will be the impact of planned structural reforms on potential output growth among the world’s larger EMEs? These are some of the questions considered by the authors.

How Fast Can China Grow? The Middle Kingdom’s Prospects to 2030

Given its size and importance for global commodity markets, the question of how fast the Chinese economy can grow over the medium term is an important one. This paper addresses this question by examining the evolution of the supply side of the Chinese economy over history and projecting how it will evolve over the next 15 years.

Macroprudential Rules and Monetary Policy when Financial Frictions Matter

Staff Working Paper 2012-6 Jeannine Bailliu, Césaire Meh, Yahong Zhang
This paper examines the interaction between monetary policy and macroprudential policy and whether policy makers should respond to financial imbalances. To address this issue, we build a dynamic general equilibrium model that features financial market frictions and financial shocks as well as standard macroeconomic shocks.

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Refereed Journals

  • “Can Media and Text Analytics Provide Insights into Labour Market Conditions in China?” (with Xinfen Han, Mark Kruger, Yu-Hsien Liu, and Sri Thanabalasingam), International Journal of Forecasting, July-September 2019, Vol. 35, pp. 1118-1130.
  • “How fast can China grow? The Middle Kingdom’s prospects to 2030” (with Mark Kruger, Argyn Toktamyssov and Wheaton Welbourn), Pacific Economic Review, May 2019, Vol. 24, pp. 373-399. (First published in September 2017)
  • "Macroprudential Rules and Monetary Policy when Financial Frictions Matter"
    (with Cesaire Meh and Yahong Zhang), Economic Modelling, November 2015, Vol. 50, p. 148-161.
  • “Multilateral adjustment, regime switching and real exchange rate dynamics”
    (with Ali Dib, T. Kano and L. Schembri) North American Journal of Economics and Finance, Vol. 27, January 2014, pages 68-87.
  • "Does Exchange Rate Policy Matter for Growth?"
    (with Robert Lafrance and Jean-Francois Perrault), International Finance, Winter 2003, 6 (3), p. 381-414.
  • "Do Funded Pensions Contribute to Higher Aggregate Savings? A Cross–Country Analysis"
    (with Helmut Reisen), Review of World Economics (Weltwirtschaftliches Archiv), 1998, 134 (4), p. 692-711.

Conference, Seminars and Workshops



  • Ph.D., University of California, Santa Cruz
  • M.A., Graduate Institute of International Studies, Geneva
  • B.Com.(Honours), McGill University

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