Rose Cunningham is a Senior Policy Advisor in the International Economic Analysis Department (IEA). In this capacity, she contributes to the Bank’s Monetary Policy Report and to the Bank’s participation in international meetings. Also, she conducts analysis on current economic issues and monetary policy more generally. Her primary research interests include business cycles, real-financial linkages and monetary policy frameworks. She holds a PhD in economics from Carleton University. Rose began her career at the Bank as a senior economist in the United States Division of IEA. Prior to becoming a Senior Policy Advisor and Policy Advisor, she was a Director in the Department, managing divisions that forecast economic growth in Europe, China and other major overseas economies.
Staff discussion papers
Staff working papers
Bank of Canada Review articles
Inflation Expectations and the Conduct of Monetary Policy: A Review of Recent Evidence and ExperienceThis article explores the role of inflation expectations in the conduct of monetary policy. It reviews the various measures of inflation expectations used by central banks, including surveys and market-based indicators, and considers their advantages and disadvantages. It examines the critical role of inflation expectations in the framework that central banks use to understand, forecast, and control inflation. It also looks at their role as an indicator of central bank credibility. The behaviour of inflation expectations over the past two years is analyzed and policy conclusions are offered.
Financial System Review articles
Refereed journal articles
- “The Size and Destination of China’s Portfolio Outflows”,
(with Eden Hatzvi and Kun Mo) 2021. Applied Economics. Vol. 53(7).
- “Monetary Policy and Financial Stability: Cross-Country Evidence,”
(with Christian Friedrich and Kristina Hess). 2018. Journal of Money, Credit and Banking. July 2018.
- “Housing Market Cycles and Duration Dependence in the United States and Canada,”
(with I. Kolet), Applied Economics, 2011. Volume 43(5), 569-586