Thibaut Duprey - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T11:51:13+00:00Managing GDP Tail Risk
https://www.bankofcanada.ca/2020/01/staff-working-paper-2020-3/
Models for macroeconomic forecasts do not usually take into account the risk of a crisis—that is, a sudden large decline in gross domestic product (GDP). However, policy-makers worry about such GDP tail risk because of its large social and economic costs.2020-01-28T13:48:10+00:00enManaging GDP Tail Risk2020-01-28Central bank researchEconomic modelsFinancial stabilityFinancial system regulation and policiesInterest ratesMonetary policyMonetary policy frameworkStaff Working Paper 2020-3https://www.bankofcanada.ca/wp-content/uploads/2020/01/swp2020-3.pdfManaging GDP Tail RiskThibaut DupreyAlexander UeberfeldtJanuary 2020DD8EE4E44E5E52E58GG0G01