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Donald Coletti

donald-coletti

Advisor

Don Coletti was appointed Advisor to the Governor effective 26 August 2013. He is responsible for financial system issues, including vulnerabilities, reforms and market dynamics, and their implications for financial stability and monetary policy.

Before becoming an Advisor, Mr. Coletti was Chief of the Bank’s International Economic Analysis Department, a position he held from September 2010. In this capacity, he managed the activities of the department, which include analyzing current and prospective developments in foreign countries and commodity prices, as well as providing analysis and policy advice on global economic and financial issues. He also guided the conduct of in-depth research on topics related to international financial markets and the global economy.

Mr. Coletti rejoined the Bank in 2000 after two years at the Department of Finance. He has held a number of senior positions, including Research Director for both the International and Research departments and Assistant Chief for Canadian Projections and Model Development. From 2008 until 2010, he was Deputy Chief of the Bank’s Canadian Economic Analysis Department.

Mr. Coletti obtained both a bachelor of arts and a master’s degree in economics at the University of Western Ontario.

Biographical note: Donald Coletti

Contact

Donald Coletti

Advisor
Executive

Bank of Canada
234 Laurier Avenue West
Ottawa, ON, K1A 0G9

Latest

Commodities and Monetary Policy: Implications for Inflation and Price Level Targeting

Staff Working Paper 2012-16 Donald Coletti, René Lalonde, Paul Masson, Dirk Muir, Stephen Snudden
We examine the relative ability of simple inflation targeting (IT) and price level targeting (PLT) monetary policy rules to minimize both inflation variability and business cycle fluctuations in Canada for shocks that have important consequences for global commodity prices.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Economic models, Inflation and prices, International topics, Monetary policy framework JEL Code(s): E, E1, E17, E3, E31, E37, E5, E52, F, F4, F41, Q, Q4, Q43

What Drives Exchange Rates? New Evidence from a Panel of U.S. Dollar Bilateral Exchange Rates

Staff Working Paper 2010-5 Jean-Philippe Cayen, Donald Coletti, René Lalonde, Philipp Maier
We use a novel approach to identify economic developments that drive exchange rates in the long run. Using a panel of six quarterly U.S. bilateral real exchange rates – Australia, Canada, the euro, Japan, New Zealand and the United Kingdom – over the 1980-2007 period, a dynamic factor model points to two common factors.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Econometric and statistical methods, Exchange rates JEL Code(s): J, J3, J31

9 April 2009 Next Steps for Canadian Monetary Policy

Bank of Canada Review - Spring 2009 Robert Amano, Tom Carter, Donald Coletti
In 2006, the Bank initiated a research program exploring two alternatives to the current inflation-targeting framework: (i) lowering the inflation target and (ii) shifting to a price-level target. This article discusses progress to date, places the Bank's findings in the context of a broader literature, and identifies avenues for future research.
Content Type(s): Publications, Bank of Canada Review Article Topic(s): Central bank research, Economic models, Inflation and prices, Inflation targets, Inflation: costs and benefits, Monetary policy framework

Inflation Targeting and Price-Level-Path Targeting in the GEM: Some Open Economy Considerations

Staff Working Paper 2008-6 Donald Coletti, René Lalonde, Dirk Muir
This paper compares the performance of simple inflation targeting (IT) and price-level path targeting (PLPT) rules to stabilize the macroeconomy, in response to a series of shocks, similar to those seen in Canada and the United States over the 1983 to 2004 period.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Economic models, Inflation and prices, Inflation: costs and benefits, Monetary policy framework JEL Code(s): C, C5, C51, C52, E, E1, E17, E3, E31, E5, E52

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Other

Other Publications

  • "Constructing the Staff Economic Projection at the Bank of Canada"
    In: Practical Experience with Inflation Targeting, proceedings of a conference held by the Czech National Bank. May 2004.
  • "Empirical Estimation and the Quarterly Projection Model: An Example Focussing on the External Sector"
    (with Robert Amano and Stephen Murchison), Sveriges Riksbank Working Paper No. 104.

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Bank Publications

Education

  • M.A., University of Western Ontario (1988)
  • B.A. (Honours), University of Western Ontario (1987)

Research Interests

  • macroeconomic modelling
  • monetary policy rules
  • forecasting

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