Bio

Thomas Pugh is a Senior Economist at the Bank of Canada, working within Financial Studies (FinStud) on heterogeneity in the wealth, income and consumption distributions as well as on entrepreneurship and self-employment. Tom holds a PhD in Economics from University College London.


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Staff working papers

The Heterogeneous Effects of COVID-19 on Canadian Household Consumption, Debt and Savings

Staff Working Paper 2020-51 James (Jim) C. MacGee, Thomas Michael Pugh, Kurt See
The impact of COVID-19 on Canadian households’ debt and unplanned savings varies by household income. Low-income and high-income households accrued unplanned savings, while middle-income households tended to accumulate more debt.

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