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Bank of Canada RSS Feedsen2024-03-29T06:51:53+00:00Fiscal Policy and External Balance in the G-7 Countries
https://www.bankofcanada.ca/1992/06/technical-report-no60/
This paper assesses evidence, from the G-7 countries, of a link between a country's fiscal policy and its external balance, often referred to as the "twin deficits" phenomenon. It begins by reviewing the stylized facts, and then examines the theoretical case for such a link.1992-06-14T11:13:43+00:00enFiscal Policy and External Balance in the G-7 Countries1992-06-14Balance of payments and componentsFiscal policyInternational topicsStephen S. PolozJune 1992FF3F32F4F41HH6H60A Simple Multivariate Filter for the Measurement of Potential Output
https://www.bankofcanada.ca/1992/06/technical-report-no59/
This paper examines techniques that have been used to estimate potential output and finds them wanting. We suggest a simple multivariate-filtering technique that is a generalization of the Hodrick-Prescott univariate filter. In univariate filters, only information about a variable itself is used in eliminating noise in order to obtain an estimate of the underlying trend. […]1992-06-14T11:02:56+00:00enA Simple Multivariate Filter for the Measurement of Potential Output1992-06-14Potential outputDouglas LaxtonRobert TetlowJune 1992CC1C15EE2