Marc-André Gosselin

Deputy Managing Director

Marc-André Gosselin was appointed Deputy Managing Director of the Financial Stability Department (FSD), effective 19 May 2015. In this capacity, he helps oversee the Bank’s analysis and research on issues related to the financial sector and financial stability in Canada and abroad. He is responsible for the Systemic Risk Assessment and Financial Institutions Divisions, and is the Senior Officer in FSD overseeing the Bank of Canada’s semi-annual Financial System Review. His role involves acting as Chief when necessary and ensuring the effective administration of the department.

Marc-André joined the Bank in 1999 as an economist. Over the years, he has held increasingly senior positions and developed a particular expertise in macroeconomic modelling and projections. Most recently, as Director in the Canadian Economic Analysis Department, he contributed greatly to policy-relevant research and analysis.

Born in Montréal, Quebec, Mr. Gosselin holds a master’s degree in Applied Economics from Montréal’s École des Hautes Études Commerciales.

Biographical note: Marc-André Gosselin


Marc-André Gosselin

Deputy Managing Director
Financial Stability
Strategic Leadership and Support

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


December 15, 2016 The Rise of Mortgage Finance Companies in Canada: Benefits and Vulnerabilities

The Rise of Mortgage Finance Companies in Canada: Benefits and Vulnerabilities, by Don Coletti, Marc-André Gosselin and Cameron MacDonald, examines the increased importance of mortgage finance companies (MFCs) in the Canadian mortgage market. The authors discuss the MFC business model, highlighting MFCs’ relationship with mortgage brokers and banks, as well as the benefits they bring to Canadian borrowers. The authors conclude with a discussion of the impact of MFCs on financial system vulnerabilities.

November 19, 2015 A Survey of Consumer Expectations for Canada

The Bank of Canada recently launched a quarterly survey to measure the expectations of Canadian households: the Canadian Survey of Consumer Expectations (CSCE). The data collected provide comprehensive information about consumer expectations for and uncertainty about inflation, the labour market and household finance. This article describes the CSCE and illustrates its potential to offer rich information about Canadian consumers for researchers and policy-makers.

May 14, 2015 Inflation Dynamics in the Post-Crisis Period

Inflation rates in advanced economies experienced two consecutive puzzles during the period following the global financial crisis—unexpectedly high inflation from the end of 2009 to 2011 and unexpectedly low inflation from 2012 to the middle of 2014. We investigate these developments in two ways. First, we show that accounting for inflation expectations by households explains a significant share of the inflation puzzles at the international level. Second, we find that, for Canada, elevated competition in the retail sector is also important for understanding inflation dynamics in the post-crisis period.

Analyzing and Forecasting the Canadian Economy through the LENS Model

Technical Report No. 102 Olivier Gervais, Marc-André Gosselin
The authors describe the key features of a new large-scale Canadian macroeconomic forecasting model developed over the past two years at the Bank of Canada.
Content Type(s): Technical Reports Topic(s): Econometric and statistical methods, Economic models JEL Code(s): C, C5, C53, E, E1, E17, E2, E27, E3, E37, F, F1, F17

Estimating DSGE-Model-Consistent Trends for Use in Forecasting

The workhorse DSGE model used for monetary policy evaluation is designed to capture business cycle fluctuations in an optimization-based format. It is commonplace to log-linearize models and express them with variables in deviation-from-steady-state format.

See More


Follow the Bank