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.

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Staff Discussion Papers

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.

Staff Working Papers

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.

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.

The Transmission of Shocks to the Chinese Economy in a Global Context: A Model-Based Approach

Staff Working Paper 2010-17 Jeannine Bailliu, Patrick Blagrave
To better understand the dynamics of the Chinese economy and its interaction with the global economy, the authors incorporate China into an existing model for the G-3 economies (i.e., the United States, the euro area, and Japan), paying particular attention to modelling the exchange rate and monetary policy in China.

Multilateral Adjustment and Exchange Rate Dynamics: The Case of Three Commodity Currencies

In this paper, we empirically investigate whether multilateral adjustment to large U.S. external imbalances can help explain movements in the bilateral exchange rates of three commodity currencies – the Australian, Canadian and New Zealand (ACNZ) dollars.

Exchange Rate Pass-Through and the Inflation Environment in Industrialized Countries: An Empirical Investigation

Staff Working Paper 2004-21 Jeannine Bailliu, Eiji Fujii
This paper investigates the question of whether a transition to a low-inflation environment, induced by a shift in monetary policy, results in a decline in the degree of pass-through of exchange rate movements to consumer prices.

Explaining and Forecasting Inflation in Emerging Markets: The Case of Mexico

The authors apply existing inflation models that have worked well in industrialized countries to Mexico, an emerging market that has recently moved to adopt an inflation-targeting framework for monetary policy. They compare the performance of these models with a mark-up model that has been used extensively to analyze inflation in Mexico.

Does Exchange Rate Policy Matter for Growth?

Previous studies on whether the nature of the exchange rate regime influences a country's medium-term growth performance have been based on a tripartite classification scheme that distinguishes between pegged, intermediate, and flexible exchange rate regimes.

Private Capital Flows, Financial Development, and Economic Growth in Developing Countries

Staff Working Paper 2000-15 Jeannine Bailliu
An important issue in the debate over the desirability of freer capital mobility for developing countries is whether capital flows have significant effects on economic growth. Proponents of capital account liberalization cite the growth-promoting attributes of capital inflows as a key benefit of financial integration for developing countries.
Content Type(s): Staff Research, Staff Working Papers Topic(s): International topics JEL Code(s): F, F2, F21, F4, F43, O, O5, O50

Journal Publications

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