John Baker, an Economics PhD student, was the recipient of one of the grants from the Bank of Canada for their PIVOT program. John used search-query data to process the impact of policy measures on household spending in real-time. J-P Lam helped supervise some of his work.
The Bank of Canada says, "Through our Partnerships in Innovation and Technology Program (PIVOT), we work with innovators in the private sector and academia to experiment with digital tools and technologies, such as artificial intelligence and machine learning. This initiative builds on our recent collaborations with private sector firms in fintech, such as Project Jasper, as well as our partnership with the Creative Destruction Lab." Check out a video about the program to learn more.