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Working Papers

  1. The Usefulness of Consumer Confidence Indexes in the United States

    Working Paper 2002-22 - Brigitte Desroches, Marc-André Gosselin

    This paper assesses the usefulness of consumer confidence indexes in forecasting aggregate consumer spending in the United States.

    Topics: Domestic demand and components; Economic models; International topics

  2. Entrepreneurial Risk, Credit Constraints, and the Corporate Income Tax: A Quantitative Exploration

    Working Paper 2002-21 - Césaire Meh

    This paper describes the positive effect that corporate income tax has on capital formation in the presence of liquidity constraints and uninsurable risk.

    Topics: Economic models; Fiscal Policy

  3. Evaluating the Quarterly Projection Model: A Preliminary Investigation

    Working Paper 2002-20 - Robert Amano, Kim McPhail, Hope Pioro, Andrew Rennison

    This paper summarizes the results of recent research evaluating the Bank of Canada's Quarterly Projection Model (QPM).

    Topics: Economic models
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