External Academic Consultants

Eric Richert

"I am a Ph.D. Candidate in the Department of Economics at Queen’s University. I will be joining the Department of Economics at the University of Chicago in July 2023, following a one year postdoctoral position at Princeton University. My primary area of research interest lies at the intersection of Empirical Industrial Organization and Finance. Since many financial markets operate via auction-like mechanisms, my work both uses and develops tools for the empirical study of auctions. My job market paper, “Quantity Commitments in Multiunit Auctions: Evidence from Credit Event Auctions,” estimates a structural model of bidding behavior in these auctions and uses it to quantify the role of commitments and to consider the effect of potential changes to the auction design. My collaboration with the Bank of Canada focuses on the sale of government debt and the interaction of the primary and secondary market for Government of Canada securities."


Iris Yao

"I am a PhD Candidate in the Finance Department at New York University. My primary area of research concerns household debt and financial stability. Over the past two years, I have worked with the Bank of Canada to analyze macroprudential policies. In particular, I study policies which limit the amount of debt households may acquire, and evaluate how effectively these policies reduce households’ vulnerability to negative shocks."


Matthew Strathearn

"I am a recent PhD graduate from the Department of Economics at Carleton University. My current role is Senior Economist at the Competition Bureau. My research interests include: theoretical industrial organization and competition policy, and applied spatial econometrics. Over the past four years, I have collaborated with researchers from the Bank of Canada to analyze spatial aspects of Canadian bank branch networks. I have a particular interest in studying how shoe-leather costs impact consumer cash withdrawal behavior."


Barry Scholnick

Barry Scholnick

"I am the Roger S. Smith Professor of Business Economics in the Alberta School of Business, University of Alberta, Canada. The main focus of my research is on Household Finance. I have published in top Economics and Finance journals, including The Review of Financial Studies, The Review of Economics and Statistics, The Journal of Business, The Journal of Money, Credit and Banking, etc. I have been awarded multiple research grants from the Social Sciences and Humanities Research Council of Canada (SSHRC). I am currently working with the Bank of Canada on a variety of Household Finance projects. "


Jorge Cruz Lopez

Jorge Cruz Lopez

"I am an Assistant Professor in the Department of Economics at the University of Western Ontario. I joined the university in 2019 after spending eight years at the Bank of Canada, where I worked as a Senior Economist and as a Principal Researcher.

My research interests include financial asset pricing, financial risk management and financial market infrastructures (FMIs). I was published in academic and practitioner journals, I served in editorial boards, and I spoke at several conferences, universities, and policy institutions, including the Bank for International Settlements (BIS), the Federal Reserve Board of Governors and various other central banks. I have been an Academic Consultant for the Bank of Canada since 2019 and have previously spent time as a Visiting Scholar at De Nederlandsche Bank, HEC Paris and Queensland University of Technology. I have also held teaching positions in the business schools of Carleton University, the University of Ottawa and Simon Fraser University, where I obtained a PhD in finance in 2014.

In addition to my academic responsibilities, I serve as the Director of Financial Engineering and Research at Financial Network Analytics Ltd. (FNA), a leader in Regulatory Technology (RegTech) and Supervisory Technology (SupTech). I am also a member of the Advisory Board of the New York Institute of Finance, a training center for professionals in the financial services industry."


Barbara Boggiano

"I joined the Chair of Economic Policy at the University of Potsdam as a Post-Doctoral Researcher in May 2021. Previously, I was a Post-Doctoral Researcher at the Department of Economics at the University of Hamburg and the Hamburg Center for Health Economics (HCHE) from August 2020 to April 2021. From October 2019 to July 2020, I visited the "Labour Markets and Human Resources" Department at the ZEW – Leibniz Centre for European Economic Research (ZEW, Mannheim) as a DAAD (German Academic Exchange Service) research fellow.

My research interests are household finance, health and labour economics, economic history, and development with a focus on gender issues. One strand of my research explores the long-term effects of a war on intimate partner violence. In addition, I am currently studying the impact of pollution on the costs of public healthcare in Leicester."


Trevor Tombe

"I am a Professor of Economics at the University of Calgary and a Research Fellow at The School of Public Policy, University of Calgary. I have an MA and a Ph.D. in Economics from the University of Toronto. I have published in top economics journals, including the American Economic Review, Journal of Monetary Economics, Review of Economic Dynamics, Canadian Journal of Economics, among others. Much of my recent research focuses on economic and fiscal integration in Canada, with a particular emphasis on interprovincial and international trade, labour mobility, and aggregate productivity. I also serves as Graduate Program Director in the Department of Economics, is on the editorial board of the Canadian Journal of Economics and is Co-Director of Finances of the Nation."


Minnie Cui

"I am a PhD student in the Finance and Economics joint program at the University of Wisconsin-Madison. My primary area of research interest concerns empirical industrial organization and household finance. My ongoing collaboration with the Bank of Canada focuses on household and multi-product retail firm behaviors amidst supply chain disruptions during the COVID-19 pandemic."


Larry Schembri

"I served as Deputy Governor from 2013 until my retirement from the Bank of Canada in June 2022. In this capacity, I was one of two deputy governors responsible for overseeing the Bank’s analysis and activities promoting a stable and efficient financial system. From 2016, I supervised the Bank’s analysis of domestic economic developments. As a member of the Bank’s Governing Council, I shared responsibility for decisions related to monetary policy and financial system stability and for setting the Bank’s strategic direction.

I joined the Bank in 1997 as a visiting Research Advisor in what is now the International Economic Analysis Department. In 2001, I was appointed Senior Research Director in the same department and became its Managing Director in 2005. In 2010, I was appointed Advisor to the Governor, with responsibilities for financial stability analysis and coordinating the Bank’s contribution to the Financial Stability Board.

I published research focused on exchange rates and monetary theory and policy in open economies, the international monetary system and financial stability. I was also active in university recruiting and sponsored the Governor’s Challenge undergraduate student competition. A champion of efforts to promote economic opportunity and inclusion for Indigenous Peoples, I was a founding member of the Central Bank Network for Indigenous Inclusion."