Cheung, Calista; Frymire, Luke; Pichette, Lise - 2021 - Last updated: January 5, 2021
subject to uncertainty and often revised significantly. This paper assesses whether questions in the Bank of Canada's Business … used to improve real-time output gap estimates for Canada. We find that survey data help predict the various measures of … the output gap used by the Bank of Canada. This supports the Bank's practice of using information contained in the BOS to …