What is the CMFE?

The Centre for Monetary and Financial Economics (CMFE) is an innovative new research unit based in the Department of Economics in the Faculty of Public Affairs at Carleton University.

Who is involved?

The Centre ties together Carleton and other university-based researchers in economics, political science, public administration, journalism, business, and international affairs, in partnership with senior officials and policy analysts in central banks, departments of finance, and statistical agencies, and economists and strategists in private-sector organizations.

The common thread among members is an active interest in questions that deal with the functioning of the monetary system, the operation of financial markets, and the role that both play in the larger economy.


Research within the Centre includes both theoretical and empirical analysis, with a particular emphasis on theoretically applied policy analysis. The Centre has a functioning network of academic and government researchers in Canada and abroad who are involved in contemporary policy questions.

We routinely organize specialized workshops focused on monetary and financial economics from a variety of policy perspectives provide opportunities for experiential learning and skills enhancement in domestic and international economic communities. Starting in January 2021, a new advanced macro-economic modelling series in partnership with the Bank of Canada has been initiated which will be delivered remotely two to three times a year. Graduate students and researchers are welcome to participate in this series.