Renaud St-Cyr


Renaud St-Cyr is an economist in the International Projection Division. In this role, he contributes to the production and communication of the Bank of Canada’s global macroeconomic outlook. Prior to joining the Bank, he worked as an economist for two years at the Department of Finance Canada. He completed his M.A. in Economics at Queen’s University.


Renaud St-Cyr

International Economic Analysis
International Projection Division

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


Non-linéarité de la courbe de Phillips : un survol de la littérature

Staff Analytical Note 2018-3 Renaud St-Cyr
The paper reviews evidence from the economic literature on the nature of the relationship between excess capacity and inflation, better known as the Phillips curve. In particular, we examine the linearity of this relationship. This is an important issue in the current economic context in which advanced economies are approaching or exceed their potential output.

Low Inflation in Advanced Economies: Facts and Drivers

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.
Content Type(s): Staff Research, Staff Analytical Notes Topic(s): Inflation and prices, International topics JEL Code(s): E, E0, E3, E31, F, F0

See More


  • M.A. (Economics) Queen's University (2013)
  • B.B.A. (Applied Economics) HEC Montréal (2012)

Research Interests

  • Macroeconomics
  • Applied Econometrics
  • Monetary policy


Follow the Bank