TY  - BOOK
AU  - Cheung,Calista
ED  - Bank of Canada,
TI  - Can the business outlook survey help improve estimates of the Canadian output gap?
T2  - Bank of Canada staff discussion paper,
U1  - 338.5 15
PY  - 2020///
CY  - Ottawa, Ontario, Canada
PB  - Bank of Canada = Banque du Canada
KW  - Bank of Canada
KW  - Banque du Canada
KW  - Business cycles
KW  - Canada
KW  - Econometric models
KW  - Monetary policy
KW  - Cycles économiques
KW  - Modèles économétriques
KW  - Politique monétaire
KW  - Autoregressive model
KW  - iptcnc
KW  - Bank of canada
KW  - Demand
KW  - Economic growth
KW  - Economics
KW  - Economy
KW  - Forecasting
KW  - Gross domestic product
KW  - Inflation
KW  - Labour economics
KW  - Electronic books
N1  - 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; Electronic monograph in PDF format
N2  - '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
UR  - 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
UR  - http://publications.gc.ca/collections/collection_2020/banque-bank-canada/FB3-6-2020-14-eng.pdf
UR  - http://www.deslibris.ca/ID/10105819
UR  - http://api.deslibris.ca/api/cover/getcover?id=10105819&thumbnail=false
UR  - http://api.deslibris.ca/api/cover/getcover?id=10105819&thumbnail=true
ER  -