Ugochi Emenogu is a Senior Economist in the Real Sector Stability Division of Financial Stability Department. Her areas of research interests include Macroeconomics, Monetary Economics and Applied Econometrics. She holds a PhD in Economics from Ryerson University.
Staff analytical notes
We introduce a model to detect periods of extrapolative house price expectations across Canadian cities. The House Price Exuberance Indicator can be updated on a quarterly basis to support the Bank of Canada’s broader assessment of housing market imbalances.
Staff working papers
Financial frictions affect how much consumers spend on durable and non-durable goods. Borrowers can face both loan-to-value (LTV) constraints and payment-to-income (PTI) constraints.