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9499 Results

The Bank of Canada's New Quarterly Projection Model, Part 1. The Steady-State Model: SSQPM

This report is the first documenting the Bank of Canada's new model of the Canadian economy, the Quarterly Projection Model (QPM). QPM is used at the Bank of Canada for both economic projections and policy analysis. Here the authors focus on the model's long-run properties, describing SSQPM, a model of the steady state of QPM […]
Content Type(s): Staff research, Technical reports Research Topic(s): Economic models JEL Code(s): C, C5, C51, E, E1, E13

Wealth, Disposable Income and Consumption: Some Evidence for Canada

Technical Report No. 71 Tiff Macklem
The author develops a measure of aggregate private sector wealth in Canada and examines its ability to explain aggregate consumption of non-durables and services. This wealth measure includes financial, physical and human wealth. The author measures human wealth as the expected present value of aggregate labour income, net of government expenditures, based on a discrete […]
Content Type(s): Staff research, Technical reports Research Topic(s): Domestic demand and components JEL Code(s): D, D9, D91, E, E2, E21

Measurement of the Output Gap: A Discussion of Recent Research at the Bank of Canada

Technical Report No. 79 Pierre St-Amant, Simon van Norden
In this paper, we discuss some methodologies for estimating potential output and the output gap that have recently been studied at the Bank of Canada. The assumptions and econometric techniques used by the different methodologies are discussed in turn, and applications to Canadian data are presented.
Content Type(s): Staff research, Technical reports Research Topic(s): Potential output JEL Code(s): D, D2, D24
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