C11 - Bayesian Analysis: General - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T19:38:49+00:00State Correlation and Forecasting: A Bayesian Approach Using Unobserved Components Models
https://www.bankofcanada.ca/2018/03/staff-working-paper-2018-14/
Implications for signal extraction from specifying unobserved components (UC) models with correlated or orthogonal innovations have been well investigated. In contrast, the forecasting implications of specifying UC models with different state correlation structures are less well understood.2018-03-16T10:40:23+00:00enState Correlation and Forecasting: A Bayesian Approach Using Unobserved Components Models2018-03-16Econometric and statistical methodsInflation and pricesStaff Working Paper 2018-14https://www.bankofcanada.ca/wp-content/uploads/2018/03/swp2018-14.pdf"State Correlation and Forecasting: A Bayesian Approach Using Unobserved Components Models"Luis UzedaMarch 2018CC1C11C15C5C51C53Asymmetric Risks to the Economic Outlook Arising from Financial System Vulnerabilities
https://www.bankofcanada.ca/2018/03/staff-analytical-note-2018-6/
When financial system vulnerabilities are elevated, they can give rise to asymmetric risks to the economic outlook. To illustrate this, I consider the economic outlook presented in the Bank of Canada’s October 2017 Monetary Policy Report in the context of two key financial system vulnerabilities: high levels of household indebtedness and housing market imbalances.2018-03-14T10:15:59+00:00enAsymmetric Risks to the Economic Outlook Arising from Financial System Vulnerabilities2018-03-14