gap in Canada. We find that while the MSSF shares similar dynamics to the main approaches used by the Bank, it also …

&D capital are also unobserved, resulting in a formidable estimation problem. In the past econometric estimates of the … depreciation rates of physical and R&D capital were typically obtained from self-programmed estimation algorithms. In this note we … introduce an approach that permits the econometric estimation of constant and variable rates of depreciation of physical and R …