Monica Jain - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T02:17:06+00:00Sluggish Forecasts
https://www.bankofcanada.ca/2018/08/staff-working-paper-2018-39/
Given the influence that agents’ expectations have on key macroeconomic variables, it is surprising that very few papers have tried to extrapolate agents’ “true” expectations directly from the data. This paper presents one such approach, starting with the hypothesis that there is sluggishness in inflation and real GDP growth forecasts.2018-08-22T08:53:36+00:00enSluggish Forecasts2018-08-22Econometric and statistical methodsInflation and pricesStaff Working Paper 2018-39https://www.bankofcanada.ca/wp-content/uploads/2018/08/swp2018-39.pdfSluggish ForecastsMonica JainAugust 2018EE3E31E37How Do Central Bank Projections and Forward Guidance Influence Private-Sector Forecasts?
https://www.bankofcanada.ca/2018/01/staff-working-paper-2018-2/
We construct a 23-country panel data set to consider the effect of central bank projections and forward guidance on private-sector forecast disagreement. We find that central bank projections and forward guidance matter mainly for private-sector forecast disagreement surrounding upcoming policy rate decisions and matter less for private-sector macroeconomic forecasts.2018-01-09T09:42:57+00:00enHow Do Central Bank Projections and Forward Guidance Influence Private-Sector Forecasts?2018-01-09Central bank researchInflation targetsMonetary policyMonetary policy communicationsMonetary policy transmissionStaff Working Paper 2018-2https://www.bankofcanada.ca/wp-content/uploads/2018/01/swp2018-2.pdfHow Do Central Bank Projections and Forward Guidance Influence Private-Sector Forecasts?Monica JainChristopher S. SutherlandJanuary 2018DD8D83EE3E37E5E52E58