Corinne Luu

Senior Analyst

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Corinne Luu

Senior Analyst
Canadian Economic Analysis

Bank of Canada
308 - 4th Avenue, S.W., Suite 2411
Calgary, AB, T2P 0H7

Latest

August 15, 2013 The Accuracy of Short-Term Forecast Combinations

This article examines whether combining forecasts of real GDP from different models can improve forecast accuracy and considers which model-combination methods provide the best performance. In line with previous literature, the authors find that combining forecasts generally improves forecast accuracy relative to various benchmarks. Unlike several previous studies, however, they find that, rather than assigning equal weights to each model, unequal weighting based on the past forecast performance of models tends to improve accuracy when forecasts across models are substantially different.

A Financial Conditions Index for the United States

Staff Discussion Paper 2009-11 Kimberly Beaton, René Lalonde, Corinne Luu
The financial crisis of 2007–09 has highlighted the importance of developments in financial conditions for real economic activity. The authors estimate the effect of current and past shocks to financial variables on U.S. GDP growth by constructing two growthbased financial conditions indexes (FCIs) that measure the contribution to quarterly (annualized) GDP growth from financial conditions.

India and the Global Demand for Commodities: Is There an Elephant in the Room?

Staff Discussion Paper 2008-18 Michael Francis, Corinne Luu
After 10 years of impressive growth, India is now the fourth largest economy in the world. Yet, to date, India's impact on global commodity markets has been muted. The authors examine how India's domestic and trade policies have distorted and constrained its demand for commodities.

The Carry Trade, Portfolio Diversification, and the Adjustment of the Japanese Yen

Staff Discussion Paper 2008-2 Corinne Luu
In this paper, the author considers whether fundamentals or other factors can explain the yen's ongoing weakness. In particular, the importance of capital outflows due to the carry trade and longer-term portfolio investment outflows, which may be delaying the adjustment of the yen, are investigated. A simple portfolio model is developed, composed of a speculative […]

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Education

  • M.A. Economics, University of British Columbia (2006)
  • B.A. Economics (Honours), University of Calgary (2005)
  • B.A. International Relations, University of Calgary (2005)

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