Author:
Publisher:
ISBN:
Category : Canada
Languages : en
Pages : 154
Book Description
The Bank of Canada's New Quarterly Projection Model
Author:
Publisher:
ISBN:
Category : Canada
Languages : en
Pages : 154
Book Description
Publisher:
ISBN:
Category : Canada
Languages : en
Pages : 154
Book Description
The Bank of Canada's New Quarterly Projection Model (QPM)
Author: Leo Butler
Publisher:
ISBN:
Category : Canada
Languages : en
Pages : 108
Book Description
The level of potential output plays a central role in the Bank of Canada's new Quarterly Projection Model (QPM). This report describes a general method to measure potential output, as well as its implementation in the QPM system. The report begins with a short history of the measurement of potential output. Building on this experience, a hybrid method of measuring potential output is developed that combines economic structure with a time-series filter. The resulting filter, known as the extended multivariate (EMV) filter, exploits theoretical relationships that are embodied in QPM in an effort to identify demand-side and supply-side influences on output. These various relationships are combined in a filter that imposes a smoothness property on the dynamics of potential output. The report describes the general structure of the EMV filter, the various economic relationships that it uses, and the weights applied to these different pieces of information. It concludes with an evaluation of the EMV filter and some suggestions for future improvements.
Publisher:
ISBN:
Category : Canada
Languages : en
Pages : 108
Book Description
The level of potential output plays a central role in the Bank of Canada's new Quarterly Projection Model (QPM). This report describes a general method to measure potential output, as well as its implementation in the QPM system. The report begins with a short history of the measurement of potential output. Building on this experience, a hybrid method of measuring potential output is developed that combines economic structure with a time-series filter. The resulting filter, known as the extended multivariate (EMV) filter, exploits theoretical relationships that are embodied in QPM in an effort to identify demand-side and supply-side influences on output. These various relationships are combined in a filter that imposes a smoothness property on the dynamics of potential output. The report describes the general structure of the EMV filter, the various economic relationships that it uses, and the weights applied to these different pieces of information. It concludes with an evaluation of the EMV filter and some suggestions for future improvements.
The Bank of Canada's New Quarterly Projection Model
Author: John Armstrong
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 50
Book Description
In this report, we describe methods for solving economic models when expectations are presumed to have at least some element of consistency with the predictions of the model itself. We present analytical results that establish the convergence properties of alternative solution procedures for linear models with unique solutions. We discuss briefly the extension of our convergence results to applications with non-linear models, but the strong analytical conclusions for linear systems do not necessarily carry over to non-linear systems. We illustrate the analytical discussion and provide some evidence on comparative solution times and on the robustness of the procedures, using simulations of a simple, linear model of a hypothetical economy and of two much larger, non-linear models of the Canadian economy developed at the Bank of Canada.
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 50
Book Description
In this report, we describe methods for solving economic models when expectations are presumed to have at least some element of consistency with the predictions of the model itself. We present analytical results that establish the convergence properties of alternative solution procedures for linear models with unique solutions. We discuss briefly the extension of our convergence results to applications with non-linear models, but the strong analytical conclusions for linear systems do not necessarily carry over to non-linear systems. We illustrate the analytical discussion and provide some evidence on comparative solution times and on the robustness of the procedures, using simulations of a simple, linear model of a hypothetical economy and of two much larger, non-linear models of the Canadian economy developed at the Bank of Canada.
The Bank of Canada's New Quarterly Projection Model
Author: Richard Black (Economist.)
Publisher:
ISBN:
Category : Canada
Languages : en
Pages : 114
Book Description
Publisher:
ISBN:
Category : Canada
Languages : en
Pages : 114
Book Description
The Bank of Canada's New Quarterly Projection Model
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
The Bank of Canada's New Quarterly Projection Model
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
The Bank of Canada's New Quarterly Projection Model: A robust method for simulating forward-looking models
Author:
Publisher:
ISBN: 9780662226796
Category : Canada
Languages : en
Pages :
Book Description
Publisher:
ISBN: 9780662226796
Category : Canada
Languages : en
Pages :
Book Description
The Bank of Canada's New Quarterly Projection Model. Part 2, A Robust Method for Simulating Forward-looking Models [electronic Resource]
Author: Armstrong, John B
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
The Bank of Canada's New Quarterly Projection Model (QMP). Part 4, A Semi-structural Method to Estimate Potential Output [electronic Resource] : Combining Economic Theory with a Time-series Filter
Author: Butler, Leo
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Middelnederlandse Lancelotromans
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description