Taylor Webley

Taylor Webley

Principal Economist

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Bio

Taylor Webley is a Principal Economist in the Canadian Economic Analysis (CEA) Department. His current responsibilities include monitoring Canada’s production accounts and contributing to the development of new nowcasting tools.

Taylor joined the Bank in 2013 as an Economist in International’s United States Division and moved to CEA in 2016. Previous responsibilities include contributing to the short- and long-term forecasts for the United States and forecasting Canada’s trade flows and housing market activity. Taylor completed his Master of Arts, Economics, at Queen’s University.


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Staff Analytical Notes

Characterizing Breadth in Canadian Economic Activity

Staff Analytical Note 2020-1 Taylor Webley, Carla Valerio, Maureen MacIsaac
Real growth in gross domestic product tends to be meaningfully higher when a large share of industries and demand components are growing—that is, when growth is broad across many fronts.
Content Type(s): Staff Research, Staff Analytical Notes Topic(s): Business fluctuations and cycles JEL Code(s): E, E3, E32

Disentangling the Factors Driving Housing Resales

Staff Analytical Note 2019-12 Mikael Khan, Taylor Webley
We use a recently developed model and loan-level microdata to decompose movements in housing resales since 2015. We find that fundamental factors, namely housing affordability and full-time employment, have had offsetting effects on resales over our study period.

Characterizing Canada’s Export Sector by Industry: A Supply-Side Perspective

Staff Analytical Note 2018-27 Taylor Webley
This note examines supply-side trends in Canadian non-energy industries and their implications for export performance. Between 2002 and 2016, capital stocks and total labour input declined in many industries that export non-energy goods. These soft trends in the factors of production have likely contributed to the decline in non-energy exports in about half of the goods industries analyzed in this note.
Content Type(s): Staff Research, Staff Analytical Notes Topic(s): International topics, Productivity JEL Code(s): E, E2, E22, E23, E24, F, F1, F19

Staff Discussion Papers

Fundamental Drivers of Existing Home Sales in Canada

Staff Discussion Paper 2018-16 Taylor Webley
Existing home sales’ share of Canada’s economic pie has been rising in recent years, and variation around this trend has resulted in outsized contributions to changes in real gross domestic product (GDP). In this context, we use a cointegration framework to estimate the level of resale activity across the Canadian provinces that is supported by fundamentals—namely, full-time employment, housing affordability and migration flows—to help look through the volatility.