Douglas Laxton

Douglas Laxton

Douglas Laxton completed his graduate work in economics in 1981 at the University of Western Ontario. He held numerous positions in the Research Department at the Bank of Canada for 13 years (1981-1993) and was responsible for developing their modeling framework to support Inflation Targeting. In 1993, Laxton joined the IMF Research Department and currently is Division Chief of the Economic Modeling Division (EMD), responsible for developing modern macro models to support the Fund’s surveillance activities. Laxton has worked with many central banks over the years developing Forecasting and Policy Analysis Systems to support Inflation-Forecast Targeting frameworks. He has published many papers on a large range of topics. More recently, he has been working on models with strong macro-financial linkages designed to support macroprudential policies. His papers and related model codes can be downloaded at


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