Staff research

• Exact Tests of Equal Forecast Accuracy with an Application to the Term Structure of Interest Rates

  Staff Working Paper 2004-2 Richard Luger

  The author proposes a class of exact tests of the null hypothesis of exchangeable forecast errors and, hence, of the hypothesis of no difference in the unconditional accuracy of two competing forecasts.

  Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods JEL Code(s): C, C1, C12, C2, C22, C5, C52, C53

• The Effect of Adjustment Costs and Organizational Change on Productivity in Canada: Evidence from Aggregate Data

  Staff Working Paper 2004-1 Danny Leung

  A basic neoclassical model of production is often used to assess the contribution of investment to output growth. In the model, investment raises the capital stock and output growth increases in proportion to the growth in capital.

  Content Type(s): Staff research, Staff working papers Topic(s): Productivity JEL Code(s): O, O3, O31, O4, O49