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Extracting Information from the Business Outlook Survey Using Statistical Approaches

Pichette, Lise - Bank of Canada - 2012

analysis. Second, the information content of these common movements is assessed, using regression analysis and a forecasting …

Persistent link: https://www.econbiz.de/10010599186

Forecasting Canadian Time Series with the New Keynesian Model

Dib, Ali; Gammoudi, Mohamed; Moran, Kevin - Bank of Canada - 2006

The authors document the out-of-sample forecasting accuracy of the New Keynesian model for Canada. They estimate their … tests of forecasting accuracy. Their results show that the forecasting accuracy of the New Keynesian model compares … favourably with that of the benchmarks, particularly as the forecasting horizon increases. These results suggest that the model …

Persistent link: https://www.econbiz.de/10005808339

Estimated DGE Models and Forecasting Accuracy: A Preliminary Investigation with Canadian Data

Moran, Kevin; Dolar, Veronika - Bank of Canada - 2002

Persistent link: https://www.econbiz.de/10005808368

The U.S. Capacity Utilization Rate: A New Estimation Approach

René, Lalonde - Bank of Canada - 1999

The recent strengh of the U.S. economy and historically low rates of inflation have sparked considerable debate among economists and Federal Reserve officials. In order to better explain the recent behaviour of inflation, some observers have raised the concept of a non-accelerating inflation...

Persistent link: https://www.econbiz.de/10005808377

Canada's Pioneering Experience with a Flexible Exchange Rate in the 1950s: (Hard) Lessons Learned for Monetary Policy in a Small Open Economy

Bordo, Michael; Dib, Ali; Schembri, Lawrence - Bank of Canada - 2007

This paper revisits Canada's pioneering experience with floating exchange rate over the period 1950–1962. It examines whether the floating rate was the best option for Canada in the 1950s by developing and estimating a New Keynesian small open economy model of the Canadian economy. The model...

Persistent link: https://www.econbiz.de/10005673297

Monetary Policy in an Estimated DSGE Model with a Financial Accelerator

Christensen, Ian; Dib, Ali - Bank of Canada - 2006

The authors estimate a sticky-price dynamic stochastic general-equilibrium model with a financial accelerator, à la Bernanke, Gertler, and Gilchrist (1999), to assess the importance of financial frictions in the amplification and propagation of the effects of transitory shocks. Structural...

Persistent link: https://www.econbiz.de/10005673338

The Bank of Canada's new quarterly projection model

Black, Richard (contributor); Armstrong, John (contributor); … - 1996

Persistent link: https://www.econbiz.de/10000904901

Security Transaction Taxes and Market Quality

Pomeranets, Anna; Weaver, Daniel G. - Bank of Canada - 2011

We examine nine changes in the New York State Security Transaction Taxes (STT) between 1932 and 1981. We find that imposing or increasing an STT results in wider bidask spreads, lower volume, and increased price impact of trades. In contrast to theories of STT imposition as a means to reduce...

Persistent link: https://www.econbiz.de/10009368871

Relative Prices, Trading Gains, and Real GDI: The Case of Canada

Zheng, Yi - Bank of Canada - 2009

Treating imports as intermediate inputs to domestic production, the author adopts the translog function approach to model real gross domestic income (GDI) in Canada over the 1961-2006 period. She explores the role of price ratios, such as terms of trade and the real effective exchange rate, in...

Persistent link: https://www.econbiz.de/10005808275

Money and Credit Factors

Gilbert, Paul D.; Meijer, Erik - Bank of Canada - 2006

The authors introduce new measures of important underlying macroeconomic phenomena that affect the financial side of the economy. These measures are calculated using the time-series factor analysis (TSFA) methodology introduced in Gilbert and Meijer (2005). The measures appear to be both more...

Persistent link: https://www.econbiz.de/10005162411

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