04194cam a22007097i 4500 on1227987888 OCoLC 20260430100935.0 m o d f cr cn||||||||| 201224t20202020oncd obs f000 0 eng NLC eng rda NLC CELBN NLC 2021010029X can (OCoLC)1227987888 lac n-cn--- 338.5 15 cci1icc lacc FB3-6/2020-14E-PDF NLCC Cheung, Calista, author. Can the business outlook survey help improve estimates of the Canadian output gap? / by Calista Cheung, Luke Frymire and Lise Pichette. Ottawa, Ontario, Canada : Bank of Canada = Banque du Canada, 2020. ©2020 1 online resource (ii, 22 pages). text txt rdacontent computer c rdamedia online resource cr rdacarrier Bank of Canada staff discussion paper, 1914-0568 ; 2020-14 Distributed by the Government of Canada Publishing and Depository Services Program (Weekly acquisitions list 2020-51). "Last updated: December 10, 2020." Includes bibliographical references. Unrestricted online access. Unrestricted online access. star CaOONL Electronic monograph in PDF format. 'The output gap is a key variable used to assess inflationary pressures in the economy, but estimates in real time are subject to uncertainty and often revised significantly. This paper assesses whether questions in the Bank of Canada's Business Outlook Survey (BOS) can provide useful signals for broader capacity pressures in the economy. The concept of capacity pressures is captured in the BOS through various questions on firms' ability to meet demand and labour shortages. In particular, we examine whether these BOS questions, as well as a summary measure of the BOS results, produce information that can be used to improve real-time output gap estimates for Canada. We find that survey data help predict the various measures of the output gap used by the Bank of Canada. This supports the Bank's practice of using information contained in the BOS to refine its assessment of the current state of the economic cycle. It further provides a framework for incorporating the survey information into quantitative estimates of the output gap'--Abstract. Business cycles Canada Econometric models. Monetary policy Canada. Bank of Canada. Cycles économiques Canada Modèles économétriques. Politique monétaire Canada. Banque du Canada. Autoregressive model. iptcnc Bank of canada. iptcnc Demand. iptcnc Economic growth. iptcnc Economics. iptcnc Economy. iptcnc Forecasting. iptcnc Gross domestic product. iptcnc Inflation. iptcnc Labour economics. iptcnc Electronic books. Bank of Canada, issuing body. Staff discussion paper (Bank of Canada) ; 2020-14 Bibliothèque et Archives Canada / Library and Archives Canada https://epe.lac-bac.gc.ca/100/201/301/weekly_acquisitions_list-ef/2020/20-51/publications.gc.ca/collections/collection_2020/banque-bank-canada/FB3-6-2020-14-eng.pdf Government of Canada Publications / Publications du gouvernement du Canada http://publications.gc.ca/collections/collection_2020/banque-bank-canada/FB3-6-2020-14-eng.pdf http://www.deslibris.ca/ID/10105819 For Subscription see www.canadianelectroniclibrary.ca desLibris e-book: http://api.deslibris.ca/api/cover/getcover?id=10105819&thumbnail=false Medium cover image: http://api.deslibris.ca/api/cover/getcover?id=10105819&thumbnail=true Thumbnail cover image: Canadian Electronic Library CELB 10105819 C0 NLC 38067 38067