Mark Kruger

Mark Kruger

Senior Policy Director

Mark began his career at the Alberta Petroleum Marketing Commission in Calgary, Alberta in 1982. He joined the Bank in 1989 as an economist in the Monetary and Financial Analysis Department. He moved to the International Economic Analysis Department in 1992, where he held a number of positions including Assistant Chief responsible for international financial policy and emerging market issues. He served as a Senior Advisor to the Canadian Executive Director at the International Monetary Fund from 2003 to 2006. From 2006 to 2013, Mark headed the Economic and Financial Section in the Canadian Embassy in Beijing. In September 2013, he returned to the Bank as a Director in the International Economic Analysis Department. Mark was born and raised in Montreal. He has a B.A. from Colby College and an M.A. from University of Toronto.

Contact

Mark Kruger

Senior Policy Director
International Economic Analysis
Strategic Leadership and Support

Bank of Canada
234 Wellington Street
Ottawa, ON, K1A 0G9

Latest

What to Expect When China Liberalizes Its Capital Account

Staff Discussion Paper 2016-10 Mark Kruger, Gurnain Pasricha
When China joined the World Trade Organization in December 2001, it marked a watershed for the world economy. Ten years from now, the opening of China’s capital account and the financial integration that will unfold will be viewed as a milestone of similar importance.
Content Type(s): Staff Research, Staff Discussion Papers Topic(s): Balance of payments and components, Exchange rate regimes, International topics JEL Code(s): F, F3, F31, F32, G, G1, G18

How Fast Can China Grow? The Middle Kingdom’s Prospects to 2030

Staff Working Paper 2016-15 Jeannine Bailliu, Mark Kruger, Argyn Toktamyssov, Wheaton Welbourn
Given its size and importance for global commodity markets, the question of how fast the Chinese economy can grow over the medium term is an important one. This paper addresses this question by examining the evolution of the supply side of the Chinese economy over history and projecting how it will evolve over the next 15 years.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Development economics, International topics, Potential output, Productivity JEL Code(s): E, E2, E22, E23, E3, E32, O4

The Evolution of the Chinese Housing Market and Its Impact on Base Metal Prices

Staff Discussion Paper 2016-7 Mark Kruger, Kun Mo, Benjamin Sawatzky
The Chinese housing market has grown rapidly following its liberalization in the 1990s, generating significant economic activity and demand for base metals. In this paper, we discuss the evolution of the Chinese housing market and quantify its importance for the overall Chinese economy and its linkages to base metal prices.
Content Type(s): Staff Research, Staff Discussion Papers Topic(s): International topics JEL Code(s): Q, Q3, Q31, R, R3, R31

The Role of the International Monetary Fund in the Post-Crisis World

Staff Discussion Paper 2016-6 Mark Kruger, Robert Lavigne, Julie McKay
The International Monetary Fund (IMF, or the Fund) has undergone a number of significant policy changes and reforms in the wake of the global financial crisis. Most notably, in December 2015, the United States approved long-delayed legislation to increase the representation of developing countries in the Fund’s governance structure.
Content Type(s): Staff Research, Staff Discussion Papers Topic(s): International topics JEL Code(s): F, F3, F33

Explaining and Forecasting Inflation in Emerging Markets: The Case of Mexico

Staff Working Paper 2003-17 Jeannine Bailliu, Daniel Garcés, Mark Kruger, Miguel Messmacher
The authors apply existing inflation models that have worked well in industrialized countries to Mexico, an emerging market that has recently moved to adopt an inflation-targeting framework for monetary policy. They compare the performance of these models with a mark-up model that has been used extensively to analyze inflation in Mexico.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Inflation and prices, International topics JEL Code(s): E, E3, E31, E37

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Education

  • M.A., University of Toronto
  • B.A., Colby College

Research Interests

  • International economics
  • Economic development
  • Chinese economy
  • International financial architecture

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