Dr. Graham M. Voss

Dr. Graham M. Voss
Office: BEC 370

PhD (Queen's)

Area of expertise

Macroeconomics, international economics, monetary economics

Graham Voss is a professor in the Department of Economics at the University of Victoria. He has a BA (Honours) from the University of Victoria, an MA from McMaster University and a PhD from Queen’s University.

He began his academic career in 1991 at the University of New South Wales, Australia where he taught until 1998. He then joined the Research Department at the Reserve Bank of Australia as a senior economist where he worked until joining the University of Victoria in 2001.

Graham's principal area of research is applied macroeconomics with a focus on monetary and fiscal policies and exchange rates. Much of his work involves either assessments of macroeconomic policies or empirical modelling of macroeconomic behaviour. This work has generated numerous grants both here and in Australia and has been published in international journals.

He has also worked directly with private sector and government organizations both here and in Australia on policy related matters such as public infrastructure spending, public accounts, and the interdependence of the Canadian and US economies. Recent research interests have focused on inflation targeting and the trade-offs pursued by central banks between inflation and economic activity.


  • Applied macroeconomics with a focus on monetary and fiscal policies and exchange rates

Faces of UVic Research video

In this video, Dr. Voss discusses his research in monetary policy, looking at the Bank of Canada and how it manages Canada's macro-economy.


  • ECON 104, Principles of Macroeconomics
  • ECON 401, Advanced Macroeconomic Theory
  • ECON 405B, International Monetary Theory and Policy
  • ECON 422, Issues in European Economic Integration
  • ECON 501, Macroeconomic Analysis
  • ECON 552, Macroeconomic Issues

Selected publications

(for complete list, go to Dr. Voss' website):

  • "Is Canada an optimal currency area? An inflation targeting perspective," with M. Chaban, Canadian Journal of Economics, 49:2, 738­–771, 2016.
  • "Flexible Inflation Forecast Targeting: Evidence from Canada," with G.D. Otto, Canadian Journal of Economics, 47:2, 398–421, 2014.
  • "What do the RBA's Forecasts Imply About Its Preferences Over Inflation and Output Volatility?" with G.D. Otto, The Economic Record, 87:279, 509–524, 2011.
  • "The Response of Australian Consumption to Housing Wealth, with L. Fisher and G. Otto, forthcoming, Journal of Macroeconomics, in press (DOI:10.1016/j.jmacro.2009.06.004).
  • "Quality of Life as an Explanation for the Divergence between Ranchers" WTA and WTP for Public Forage," with L. Sun and G.C. van Kooten, Forest Policy and Economics, in press (DOI:10.1016/j.forpol.2009.04.005)
  • "Monetary Policy and the Exchange Rate: Evidence from a Two Country Model," with L. Willard, Journal of Macroeconomics, in press (DOI: 10.1016/j.jmacro.2008.09.002).
  • "Exchange Rate Regimes, Specialization and Trade Volume," with M. Devereux, Topics in Macroeconomics 6(2), Article 12, 2006.
  • "Demand for Wildlife Hunting in British Columbia," Canadian Journal of Agricultural Economics 53, 25{46, 2005, with L. Sun and G.C. van Kooten.
  • "Consumption, Wealth and Expected Stock Returns in Australia," The Economic Record, 80(251), 359{372, 2004, with L. Fisher
  • "Consumption and Wealth in Australia," The Economic Record, 79(244), 39-56, 2003, with A. Tan
  • "Public Investment and Economic Growth," Applied Economics, 35, 527-40, 2003, with R. Milbourne and G. Otto
  • "Public and Private Investment in the United States and Canada," Economic Modelling 19(4), 641-64, 2002