E3 - Prices, Business Fluctuations, and Cycles - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T05:48:33+00:00Measuring Potential Output at the Bank of Canada: The Extended Multivariate Filter and the Integrated Framework
https://www.bankofcanada.ca/2015/01/discussion-paper-2015-1/
Estimating potential output and the output gap - the difference between actual output and its potential - is important for the proper conduct of monetary policy. However, the measurement and interpretation of potential output, and hence the output gap, is fraught with uncertainty, since it is unobservable.2015-01-21T08:10:04+00:00enMeasuring Potential Output at the Bank of Canada: The Extended Multivariate Filter and the Integrated Framework2015-01-21Economic modelsInflation and pricesLabour marketsProductivityDiscussion Paper 2015-1https://www.bankofcanada.ca/wp-content/uploads/2015/01/dp2015-1.pdfMeasuring Potential Output at the Bank of Canada: The Extended Multivariate Filter and the Integrated FrameworkLise PichettePierre St-AmantBen TomlinKarine AnomaJanuary 2015EE0E3E31E5E52