Jeannine Bailliu

Bailliu attended high school at the French language École Secondary Étienne-Brûlé in Toronto and the École Secondary Publique Louis-Riel in Ottawa. She obtained a bachelor of commerce with honours from McGill University before receiving a master's degree in international economics at the Graduate Institute of International and Development Studies in Geneva, Switzerland and a PhD in Economics from the University of California, Santa Cruz. == Career ==

While studying for her doctorate, Bailliu worked for the Organization of Economic Co-operation and Development (OECD) in Paris. She worked at the Bank of Canada from 1999 to 2020. In 2005, she was a research advisor. In 2010, Bailliu became an Assistant Chief of the Bank of Canada and, in 2016, she obtained the position of the Senior Policy Advisor for the International Economic Analysis Department. In March 2005, Bailliu and colleague Ramzi Issa published an internal note for the Bank that suggested that the Canadian dollar was undervalued. This note received press coverage when it was released a year later under the Access to Information Act. == Scholarship and selected works ==

In 2000, Bailliu presented a paper with one her colleagues discussing exchange rate regimes and economic growth in emerging market economies. Some of Bailliu's recent research focuses on the Chinese economy, exchange rate and monetary policy regimes, and macroeconomic modelling. Their research suggests that the Chinese economy is expected to decelerate its growth from its current 7% growth rate to roughly 5% by 2030. Their attribute this slow down in growth to a decrease in future investments. The Transmission of Shocks to the Chinese Economy in a Global Context: A Model-Based Approach (2010) Baillui and colleague Patrick Blagrave analyze the factors behind shocks in the Chinese economy and how these shocks effect the G-3 countries, United States, the euro area and Japan Firstly, Baillui et al. (2010) find that foreign demand shocks are larger in China than other industrialized countries. This is namely due to the fact that China has a very open economy Bailliu and Hajzler also suggest that investments in infrastructure and reforms to product market regulation (PMR) They examine how exchange rates effect economic growth in 25 emerging market economies. Their findings suggest that flexible exchange rates are correlated with robust economic growth only when countries liberalize capital flows and already have an existing well-developed financial market. She suggests that inward capital flows will have negative effects on economic growth if the country has a poorly developed banking system. This is because governments of countries with underdeveloped banking systems could use the capital inflows for risky rather than productive investment. == Bank of Canada publications ==

• 2000, July: "Private Capital Flows, Financial Development, Economic Growth and Developing Countries" • 2003, June: "Explaining and Forecasting Inflation in Emerging Markets: The Case of Mexico" with Daniel Garcés, Mark Kruger, and Miguel Messmacher. • 2004, May: "Exchange Rate Pass-Through in Industrialized Countries" with Hafedh Bouakez. • 2004, June: "Exchange Rate Pass-Through and the Inflation Environment in Industrialized Countries: An Empirical Investigation" with Eiji Fujii • 2005, October: "What Drives Movements in Exchange Rates?" with Micheal R. King • 2007, July: "Multilateral Adjustment and Exchange Rate Dynamics: The Case of Three Commodity Currencies" with Ali Dib, Takashi Kano, and Lawrence L. Schembri • 2010, July: "The Transmission of Shocks to the Chinese Economy in a Global Context: A Model-Based Approach" with Patrick Blagrave • 2012, February: "Household Borrowing and Spending in Canada" Katsiaryna Kartashova and Césaire Meh • 2012, February: "Macroprudential Rules and Monetary Policy when Financial Frictions Matter" with Césaire Meh and Yahong Zhang • 2016, April: "How Fast Can China Grow? The Middle Kingdom's Prospects to 2030" with Argyn Toktamyssov and Welbourn Wheaton. == References ==