Patrisha de Leon-Manlagnit is a Senior Economist in the Real Economic Activity Division of the Canadian Economic Analysis Department. Before joining the Bank in 2018, she worked at the Department of Finance Canada on a wide range of international macroeconomic and financial issues. Prior to entering the Canadian public service, Ms. De Leon-Manlagnit worked as a business journalist.
Ms. De Leon-Manlagnit holds a master’s degree in economics from Simon Fraser University. She graduated cum laude from the University of the Philippines Diliman with a bachelor of science in economics.
Since the global financial crisis, core inflation has been persistently below target in most advanced economies. Recently, it has weakened further in several advanced economies despite gradually diminishing slack. This note reviews recent developments in core inflation across advanced economies and identifies distinctive patterns across regions.
Until recently, few efforts have been made to systematically measure and aggregate the nominal value of the different types of sovereign government debt in default. To help fill this gap, the Bank of Canada (BoC) developed a comprehensive database of sovereign defaults that is posted on its website and updated in partnership with the Bank of England (BoE).