This is the first of three papers describing NAOMI1, a new quarterly forecasting model developed in the Economic Analysis and Forecasting Division at the Department of Finance. NAOMI’s intended purpose is twofold. First, it is capable of producing reliable, judgement-free macroeconomic...

This paper provides an introduction to the Canadian side of NAOMI (North American Open economy Macro-econometric Integrated model), a new economic model developed at the Department of Finance. NAOMI is intended to bridge the gap between pure forecasting models whose forecasts are often difficult...

When economic data released in late 2001 suggested an economic slowdown, two questions immediately arose: what impact will the slowdown in the economy have on the budgetary balance and to what extent can fiscal policy mitigate this slowdown. The former is concerned with the budgetary position...