Lise Pichette

lise-pichette

Senior Representative, Economics

Lise Pichette was appointed Senior Representative (Economics) at the Bank of Canada’s Quebec Regional Office in November 2014. In this capacity, she directs research and analysis on economic and sectoral developments in the region, including overseeing the Bank’s Business Outlook Survey in Quebec. Mrs. Pichette also plays a major role in the office’s activities by communicating the Bank’s messages to various external audiences and promoting an exchange of views on the economy and monetary policy.

Mrs. Pichette joined the Bank in 1997 as an economist in the Research Department (now Canadian Economic Analysis). In 2005, she was appointed Principal Researcher in the Regional Analysis Division at the Quebec Regional Office, a position she held until being named Senior Representative.

Born in Montréal, Quebec, Mrs. Pichette holds a master’s degree in economics from Université du Québec à Montréal (UQAM).

Biographical note: Lise Pichette

Contact

Lise Pichette

Senior Representative, Economics
Canadian Economic Analysis
Regional Analysis

Bank of Canada
1501 McGill College Avenue, Suite 2030
Montréal, QC, H3A 3M8

Latest

Measuring Potential Output at the Bank of Canada: The Extended Multivariate Filter and the Integrated Framework

Staff Discussion Paper 2015-1 Lise Pichette, Pierre St-Amant, Ben Tomlin, Karine Anoma
Estimating potential output and the output gap - the difference between actual output and its potential - is important for the proper conduct of monetary policy. However, the measurement and interpretation of potential output, and hence the output gap, is fraught with uncertainty, since it is unobservable.
Content Type(s): Staff Research, Staff Discussion Papers Topic(s): Economic models, Inflation and prices, Labour markets, Productivity JEL Code(s): E, E0, E3, E31, E5, E52

Extracting Information from the Business Outlook Survey Using Statistical Approaches

Staff Discussion Paper 2012-8 Lise Pichette
Since the autumn of 1997, the regional offices of the Bank of Canada have conducted quarterly consultations with businesses across Canada. These consultations, summarized in the Business Outlook Survey (BOS), are structured around a survey questionnaire that covers topics of importance to the Bank, notably business activity, pressures on production capacity, prices and inflation, and credit conditions.
Content Type(s): Staff Research, Staff Discussion Papers Topic(s): Business fluctuations and cycles, Regional economic developments JEL Code(s): C, C4, C43, C8, C82, E, E3, E37

17 November 2011 Extracting Information from the Business Outlook Survey: A Principal-Component Approach

Bank of Canada Review - Autumn 2011 Lise Pichette, Lori Rennison
This article reviews recent work that uses principal-component analysis to extract information common to indicators from the Bank of Canada’s Business Outlook Survey (BOS). The authors use correlation analysis and an out-of-sample forecasting exercise to assess and compare the information content of the principal component with that of responses to key individual survey questions on growth in real gross domestic product and in real business investment. Results suggest that summarizing the common movements among BOS indicators may provide useful information for forecasting near-term growth in business investment. For growth in real gross domestic product, however, the survey’s balance of opinion on future sales growth appears to be more informative.
Content Type(s): Publications, Bank of Canada Review Article Topic(s): Business fluctuations and cycles, Regional economic developments

Relative Price Movements and Labour Productivity in Canada: A VAR Analysis

Staff Discussion Paper 2010-5 Michael Dolega, David Dupuis, Lise Pichette
In recent years, the Canadian economy has been affected by strong movements in relative prices brought about by the surging costs of energy and non-energy commodities, with significant implications for the terms of trade, the exchange rate, and the allocation of resources across Canadian sectors and regions.
Content Type(s): Staff Research, Staff Discussion Papers Topic(s): Labour markets, Productivity, Recent economic and financial developments JEL Code(s): E, E2, E23, E24, O, O4, O47

21 May 2004 Are Wealth Effects Important for Canada?

Bank of Canada Review - Spring 2004 Lise Pichette
Some analysts believe that a sharp rise in equity values was an important factor in the strong consumer spending between 1995 and 2000. Empirical evidence suggests, however, that consumer spending responds more to changes in housing wealth than it does to equity wealth.
Content Type(s): Publications, Bank of Canada Review Article Topic(s): Domestic demand and components

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Other

Events

  • 16 and 17 May 2002: Congrès de l'Association des économistes québécois (ASDEQ)
    La croissance économique : À quel prix et pour qui?

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Education

  • M.A., UQAM (1998)
  • B.A., UQAM (1996)

Research Interests

  • Macroeconomics
  • Business Fluctuations and Cycles
  • Applied Time Series Econometrics

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