Karyne B. Charbonneau

Principal Economist

Karyne B. Charbonneau is a Principal Economist in the Digital Economy and Advanced Analytics Division of the Canadian Economic Analysis Department at the Bank of Canada.

Prior to joining the Canadian Economic Analysis Department in August 2015, she spent two years in the International Economic Analysis Department. Most recently, she was Senior Analyst in the Canadian Projections and Policy Analysis Division in the Canadian Economic Analysis Department.

Her research focuses on applied econometrics and international trade.

She received her PhD in economics from Princeton University.


Karyne B. Charbonneau

Principal Economist
Canadian Economic Analysis
Digital Economy and Advanced Analytics Division

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


Estimating the Impacts of Tariff Changes: Two Illustrative Scenarios

Staff Analytical Note 2018-29 Karyne B. Charbonneau, Anthony Landry
We build upon new developments in the international trade literature to construct a quantitative Ricardian framework similar to Caliendo and Parro (2015) to isolate and estimate the long-run economic impacts of tariff changes.

Canada’s Experience with Trade Policy

Staff Discussion Paper 2018-1 Karyne B. Charbonneau, Daniel de Munnik, Laura Murphy
This paper compiles the contemporary view on three major Canadian-led trade policies that have marked Canada’s economic history since Confederation: the National Policy (1879), the Canada–US Agreement on Automotive Products (Auto Pact, 1965) and the Canada–US Free Trade Agreement (FTA, 1989, including its extension to the North American Free Trade Agreement, NAFTA, 1994).
Content Type(s): Staff Research, Staff Discussion Papers Topic(s): International topics, Trade Integration JEL Code(s): F, F1, F13, N, N7, N71, N72

Digitalization and Inflation: A Review of the Literature

In the past few years, many have postulated that the possible disinflationary effects of digitalization could explain the subdued inflation in advanced economies. In this note, we review the evidence found in the literature. We look at three main channels.

A New Measure of the Canadian Effective Exchange Rate

Canada’s international competitiveness has received increasing attention in recent years as exports have fallen short of expectations and Canada has lost market share. This paper asks whether the Bank of Canada’s current effective exchange rate measure, the CERI, is still an accurate measure of Canada’s international competitiveness.
Content Type(s): Staff Research, Staff Discussion Papers Topic(s): Exchange rates, International topics JEL Code(s): F, F1, F3, F31

Forward Guidance at the Effective Lower Bound: International Experience

Staff Discussion Paper 2015-15 Karyne B. Charbonneau, Lori Rennison
Forward guidance is one of the policy tools that a central bank can implement if it seeks to provide additional monetary stimulus when it is operating at the effective lower bound (ELB) on interest rates. It became more widely used during and after the global financial crisis.

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Refereed Journals


  • Ph.D., Princeton University (2013)
  • M.A., Université de Montréal (2008)
  • B.Sc. (Honors), Université de Montréal (2007)

Research Interests

  • International Trade
  • Econometrics


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