Monica Jain

Principal Economist


Monica Jain

Principal Economist
Financial Markets
Monetary Policy Analysis and Research

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

Curriculum vitae


How Do Central Bank Projections and Forward Guidance Influence Private-Sector Forecasts?

Staff Working Paper 2018-2 Monica Jain, Christopher S. Sutherland
We construct a 23-country panel data set to consider the effect of central bank projections and forward guidance on private-sector forecast disagreement. We find that central bank projections and forward guidance matter mainly for private-sector forecast disagreement surrounding upcoming policy rate decisions and matter less for private-sector macroeconomic forecasts.

Perceived Inflation Persistence

Staff Working Paper 2013-43 Monica Jain
The Survey of Professional Forecasters (SPF) has had vast influence on research related to better understanding expectation formation and the behaviour of macroeconomic agents. Inflation expectations, in particular, have received a great deal of attention, since they play a crucial role in determining real interest rates, the expectations-augmented Phillips curve and monetary policy.

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Journal Articles


  • Ph.D. (Economics), Queen’s University
  • M.A. (Economics), University of British Columbia
  • B.B.A. (Management & Economics), University of Toronto

Research Interests

  • Macroeconomics
  • Applied Econometrics
  • Monetary Economics


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