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The Bank of Canada's New Quarterly Porjection Model Part 4 : A Semi- Structural Method to Estimate Potential Output : Combining Economic Theory with a Time-Series Filter

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  • Butler, L

Abstract

The level of potential output plays a central role in the Bank of Canada's new Quarterly projection Model (QPM). This report, the fourth in a series documenting QPM, descridbes a general method to measure potential output, as well as its implementation in the QPM system.

Suggested Citation

  • Butler, L, 1996. "The Bank of Canada's New Quarterly Porjection Model Part 4 : A Semi- Structural Method to Estimate Potential Output : Combining Economic Theory with a Time-Series Filter," Technical Reports 77, Bank of Canada.
  • Handle: RePEc:bca:bocatr:77
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    File URL: http://www.bankofcanada.ca/en/res/tr/1996/tr77.pdf
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Patrick Blagrave & Roberto Garcia-Saltos & Douglas Laxton & Fan Zhang, 2015. "A Simple Multivariate Filter for Estimating Potential Output," IMF Working Papers 15/79, International Monetary Fund.
    2. Yetman, James, 2003. "Probing potential output: Monetary policy, credibility, and optimal learning under uncertainty," Journal of Macroeconomics, Elsevier, vol. 25(3), pages 311-330, September.
    3. Rowe, Nicholas & Yetman, James, 2000. "Identifying Policy-makers' Objectives: An Application to the Bank of Canada," Staff Working Papers 00-11, Bank of Canada.
    4. Julien Champagne & Guillaume Poulin-Bellisle & Rodrigo Sekkel, 2016. "The Real-Time Properties of the Bank of Canada’s Staff Output Gap Estimates," Staff Working Papers 16-28, Bank of Canada.
    5. Ali Alichi, 2015. "A New Methodology for Estimating the Output Gap in the United States," IMF Working Papers 15/144, International Monetary Fund.
    6. Olivier Gervais & Marc-André Gosselin, 2014. "Analyzing and Forecasting the Canadian Economy through the LENS Model," Technical Reports 102, Bank of Canada.

    More about this item

    Keywords

    INPUT-OUTPUT ANALYSIS; CENTRAL BANKS; CANADA;

    JEL classification:

    • D57 - Microeconomics - - General Equilibrium and Disequilibrium - - - Input-Output Tables and Analysis
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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