Danilo Leiva-Leon - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T12:51:26+00:00The Propagation of Industrial Business Cycles
https://www.bankofcanada.ca/2014/10/working-paper-2014-48/
This paper examines the business cycle linkages that propagate industry-specific business cycle shocks throughout the economy in a way that (sometimes) generates aggregated cycles. The transmission of sectoral business cycles is modelled through a multivariate Markov-switching model, which is estimated by Gibbs sampling.2014-10-27T09:18:23+00:00enThe Propagation of Industrial Business Cycles2014-10-27Business fluctuations and cyclesDomestic demand and componentsEconometric and statistical methodsWorking Paper 2014-48https://www.bankofcanada.ca/wp-content/uploads/2014/10/wp2014-48.pdfThe Propagation of Industrial Business CyclesMaximo CamachoDanilo Leiva-LeonOctober 2014CC2C22EE2E27E3E32Real-Time Nowcasting of Nominal GDP Under Structural Breaks
https://www.bankofcanada.ca/2014/09/working-paper-2014-39/
This paper provides a framework for the early assessment of current U.S. nominal GDP growth, which has been considered a potential new monetary policy target. The nowcasts are computed using the exact amount of information that policy-makers have available at the time predictions are made. However, real-time information arrives at different frequencies and asynchronously, which poses challenges of mixed frequencies, missing data and ragged edges.2014-09-04T15:19:41+00:00enReal-Time Nowcasting of Nominal GDP Under Structural Breaks2014-09-04Business fluctuations and cyclesEconometric and statistical methodsInflation and pricesWorking Paper 2014-39https://www.bankofcanada.ca/wp-content/uploads/2014/09/wp2014-39.pdfReal-Time Nowcasting of Nominal GDP Under Structural BreaksWilliam A. BarnettMarcelle ChauvetDanilo Leiva-LeonSeptember 2014CC3C32EE2E27E3E31E32A New Approach to Infer Changes in the Synchronization of Business Cycle Phases
https://www.bankofcanada.ca/2014/09/working-paper-2014-38/
This paper proposes a Markov-switching framework to endogenously identify the following: (1) regimes where economies synchronously enter recessionary and expansionary phases; and (2) regimes where economies are unsynchronized, essentially following independent business cycles.2014-09-04T15:18:46+00:00enA New Approach to Infer Changes in the Synchronization of Business Cycle Phases2014-09-04Business fluctuations and cyclesEconometric and statistical methodsRegional economic developmentsWorking Paper 2014-38 https://www.bankofcanada.ca/wp-content/uploads/2014/09/wp2014-38.pdfA New Approach to Infer Changes in the Synchronization of Business Cycle PhasesDanilo Leiva-LeonSeptember 2014CC3C32C4C45EE3E32