Jeannine Bailliu

Jeannine N. Bailliu is a Canadian economist and academic. Bailliu worked for the Bank of Canada for over twenty years, where she rose to the role of Director of Emerging Markets before becoming the Associate Vice-President (Programs) at the C.D. Howe Institute in Toronto. Dr. Bailliu has published multiple scholarly articles, focusing her research on international economics, international finance and applied econometrics. 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. 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.