000 04194cam a22007097i 4500
001 on1227987888
003 OCoLC
005 20260430100935.0
006 m o d f
007 cr cn|||||||||
008 201224t20202020oncd obs f000 0 eng
040 _aNLC
_beng
_erda
_cNLC
_dCELBN
_dNLC
015 _a2021010029X
_2can
035 _a(OCoLC)1227987888
042 _alac
043 _an-cn---
082 1 _a338.5
_215
084 _acci1icc
_2lacc
086 1 _aFB3-6/2020-14E-PDF
049 _aNLCC
100 1 _aCheung, Calista,
_eauthor.
245 1 0 _aCan the business outlook survey help improve estimates of the Canadian output gap? /
_cby Calista Cheung, Luke Frymire and Lise Pichette.
264 1 _aOttawa, Ontario, Canada :
_bBank of Canada = Banque du Canada,
_c2020.
264 4 _c©2020
300 _a1 online resource (ii, 22 pages).
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
490 1 _aBank of Canada staff discussion paper,
_x1914-0568 ;
_v2020-14
500 _aDistributed by the Government of Canada Publishing and Depository Services Program (Weekly acquisitions list 2020-51).
500 _a"Last updated: December 10, 2020."
504 _aIncludes bibliographical references.
506 0 _aUnrestricted online access.
_fUnrestricted online access.
_2star
_5CaOONL
516 8 _aElectronic monograph in PDF format.
520 3 _a'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.
650 0 _aBusiness cycles
_zCanada
_xEconometric models.
650 0 _aMonetary policy
_zCanada.
610 2 0 _aBank of Canada.
650 6 _aCycles économiques
_zCanada
_xModèles économétriques.
650 6 _aPolitique monétaire
_zCanada.
610 2 6 _aBanque du Canada.
650 7 _aAutoregressive model.
_2iptcnc
650 7 _aBank of canada.
_2iptcnc
650 7 _aDemand.
_2iptcnc
650 7 _aEconomic growth.
_2iptcnc
650 7 _aEconomics.
_2iptcnc
650 7 _aEconomy.
_2iptcnc
650 7 _aForecasting.
_2iptcnc
650 7 _aGross domestic product.
_2iptcnc
650 7 _aInflation.
_2iptcnc
650 7 _aLabour economics.
_2iptcnc
655 0 _aElectronic books.
710 2 _aBank of Canada,
_eissuing body.
830 0 _aStaff discussion paper (Bank of Canada) ;
_v2020-14
856 4 0 _3Bibliothèque et Archives Canada / Library and Archives Canada
_uhttps://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
856 4 0 _3Government of Canada Publications / Publications du gouvernement du Canada
_uhttp://publications.gc.ca/collections/collection_2020/banque-bank-canada/FB3-6-2020-14-eng.pdf
856 4 0 _uhttp://www.deslibris.ca/ID/10105819
_zFor Subscription see www.canadianelectroniclibrary.ca
_3desLibris e-book:
856 4 2 _uhttp://api.deslibris.ca/api/cover/getcover?id=10105819&thumbnail=false
_3Medium cover image:
856 4 2 _uhttp://api.deslibris.ca/api/cover/getcover?id=10105819&thumbnail=true
_3Thumbnail cover image:
938 _aCanadian Electronic Library
_bCELB
_n10105819
994 _aC0
_bNLC
999 _c38067
_d38067