Staff discussion papers

• An Alternative Estimate of Canadian Potential Output: The Multivariate State-Space Framework

  Staff Discussion Paper 2018-14 Lise Pichette, Maria Bernier, Marie-Noëlle Robitaille

  In this paper, we extend the state-space methodology proposed by Blagrave et al. (2015) and decompose Canadian potential output into trend labour productivity and trend labour input. As in Blagrave et al. (2015), we include output growth and inflation expectations from consensus forecasts to help refine our estimates.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Economic models, Potential output JEL Code(s): C, C5, E, E0, E5