André Binette - Latest

• Online Job Seekers in Canada: What Can We Learn from Bing Job Queries?

  Staff Analytical Note 2019-18 André Binette, Karyne B. Charbonneau, Nicholas Curtis, Gabriela Galassi, Scott Counts, Justin Cranshaw

  Labour markets in Canada and around the world are evolving rapidly with the digital economy. Traditional data are adapting gradually but are not yet able to provide timely information on this evolution.

  Content Type(s): Staff research, Staff analytical notes Topic(s): Central bank research, Labour markets, Monetary policy JEL Code(s): C, C8, C80, E, E2, E24, J, J2, J21

• Canada’s Monetary Policy Report: If Text Could Speak, What Would It Say?

  Staff Analytical Note 2019-5 André Binette, Dmitri Tchebotarev

  This note analyzes the evolution of the narrative in the Bank of Canada’s Monetary Policy Report (MPR). It presents descriptive statistics on the core text, including length, most frequently used words and readability level—the three Ls. Although each Governor of the Bank of Canada focuses on the macroeconomic events of the day and the mandate of inflation targeting, we observe that the language used in the MPR varies somewhat from one Governor’s tenure to the next.

  Content Type(s): Staff research, Staff analytical notes Topic(s): Central bank research, Monetary policy JEL Code(s): E, E0, E02, E5, E52

• Evaluating Real GDP Growth Forecasts in the Bank of Canada Monetary Policy Report

  Staff Analytical Note 2017-21 André Binette, Dmitri Tchebotarev

  This paper examines the quality of projections of real GDP growth taken from the Bank of Canada Monetary Policy Report (MPR) since they were first published in 1997. Over the last decade, it has become common practice among the central banking community to discuss forecast performance publicly.

  Content Type(s): Staff research, Staff analytical notes Topic(s): Business fluctuations and cycles, Econometric and statistical methods, Monetary policy JEL Code(s): C, C5, C52, E, E3, E32, E37, E5, E52

• Global Real Activity for Canadian Exports: GRACE

  Staff Discussion Paper 2017-2 André Binette, Tony Chernis, Daniel de Munnik

  Canadian exports have often disappointed since the Great Recession. The apparent disconnect between exports and the Bank of Canada’s current measure of foreign demand has created an impetus to search for an alternative.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Balance of payments and components, Econometric and statistical methods, Exchange rates JEL Code(s): F, F1, F10, F14, F4, F43

• An Update - Canadian Non-Energy Exports: Past Performance and Future Prospects

  Staff Discussion Paper 2015-10 André Binette, Daniel de Munnik, Julie Melanson

  In light of the fact that Canada was continuing to lose market share in the United States, Binette, de Munnik and Gouin-Bonenfant (2014) studied 31 Canadian non-energy export (NEX) categories to assess their individual performance.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Balance of payments and components, Exchange rates, International topics JEL Code(s): F, F1, F10, F14, F4, F43

• Canadian Non-Energy Exports: Past Performance and Future Prospects

  Staff Discussion Paper 2014-1 André Binette, Daniel de Munnik, Émilien Gouin-Bonenfant

  Canada has continued to lose market share in the United States since the Great Recession, beyond what our bilateral competitiveness measures (relative unit labour costs) would suggest.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Balance of payments and components, Exchange rates JEL Code(s): F, F1, F10, F14, F4, F43
• August 15, 2013

  CSI: A Model for Tracking Short-Term Growth in Canadian Real GDP

  Bank of Canada Review - Summer 2013 André Binette, Jae Chang

  Canada’s Short-Term Indicator (CSI) is a new model that exploits the information content of 32 indicators to produce daily updates to forecasts of quarterly real GDP growth. The model is a data-intensive, judgment-free approach to short-term forecasting. While CSI’s forecasts at the start of the quarter are not very accurate, the model’s accuracy increases appreciably as more information becomes available. CSI is the latest addition to a wide range of models and information sources that the Bank of Canada uses, combined with expert judgment, to produce its short-term forecasts.

  Content Type(s): Publications, Bank of Canada Review articles Topic(s): Econometric and statistical methods JEL Code(s): C, C5, C53, E, E1, E17, E3, E37

• Inflation and Relative Price Dispersion in Canada: An Empirical Assessment

  Staff Working Paper 2005-28 André Binette, Sylvain Martel

  The authors investigate empirically the relationship between different aspects of inflation and relative price dispersion in Canada using a Markov regime-switching Phillips curve.

  Content Type(s): Staff research, Staff working papers Topic(s): Inflation and prices JEL Code(s): C, C3, C32, E, E3, E31