Russell Barnett was appointed Deputy Managing Director of the Bank’s Canadian Economic Analysis Department (CEA), effective November 12, 2019. In this capacity, he contributes to the strategic direction and management of the department and oversees the Bank's analysis of the Canadian economy. In addition, he conducts analysis and research primarily focused on labour markets, economic forecasting, international trade and monetary policy.
Mr. Barnett began his career at the Department of Finance in 2002 as an economist and then joined the Bank in 2005 as an economist in the Canadian Projection and Model Development Division of the Research Department (now CEA). After spending 3 years working for the Parliamentary Budget Officer as Director, Economic and Fiscal Analysis, he returned to the Bank in December 2011 as the Assistant Chief of the United States Division in the International Economic Analysis Department. He subsequently became Policy Advisor in the same department and later Research Advisor in the Canadian Economic Analysis Department. In both these roles, he led the respective departments’ contributions to the Bank of Canada’s Monetary Policy Report (MPR). Before being appointed to his current position, Mr. Barnett was the Senior Policy Director in CEA.
Staff Analytical Notes
Staff Discussion Papers
Bank of Canada Review articles
Trend Labour Supply in Canada: Implications of Demographic Shifts and the Increasing Labour Force Attachment of WomenWhile demographic change has been an ongoing process in Canada, labour market implications of an aging population will become more acute in coming years. This article discusses the anticipated slowing in the growth of trend labour input over the coming decades with the aging of the baby boomers, declining fertility rates, and the stabilization of the labour force attachment of women. As the pool of labour shrinks, employers and governments will be looking for ways to address barriers to continued labour force participation and firms will have a greater incentive to find ways of improving labour productivity.
- Parsing Shocks: Real-Time Revisions to Gap and Growth Projections for Canada (with Sharon Kozicki and Christopher Petrinec) – Prepared for the 33rd Annual Economic Policy Conference of the Federal Reserve Bank of St. Louis, October 16-17, 2008
- Commodity Prices, Macroeconomic Volatility and Canada's Exchange Rate Regime(with Rhys Mendes and Andrew Rennison) – Prepared for the Bank of Canada’s Workshop on Commodity Price Issues, July 10-11, 2006
- Labour Force Participation Rates Revisited: Cohort and Wealth Effects Take Hold (with Steven James, Tim Sargent and Claude Lavoie) – Department of Finance Working Paper (2007-01)