E37 - Forecasting and Simulation: Models and Applications - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T15:31:07+00:00Qualitative Field Research in Monetary Policy Making
https://www.bankofcanada.ca/2021/01/staff-discussion-paper-2021-1/
Central banks conduct research involving in-depth interviews with external parties—but little is known about how this information affects monetary policy. We address this gap by analyzing open-ended interviews with senior central bank economic and policy staff who work closely with policy decision-makers.2021-01-21T13:20:36+00:00enQualitative Field Research in Monetary Policy Making2021-01-21Business fluctuations and cyclesMonetary policyMonetary policy and uncertaintyStaff Discussion Paper 2021-1https://www.bankofcanada.ca/wp-content/uploads/2021/01/sdp2021-1.pdfStaff Discussion Paper 2021-1Chris D'SouzaJane VollJanuary 2021CC8C83EE3E37E5E52Using Payments Data to Nowcast Macroeconomic Variables During the Onset of COVID-19
https://www.bankofcanada.ca/2021/01/staff-working-paper-2021-2/
We use retail payment data in conjunction with machine learning techniques to predict the effects of COVID-19 on the Canadian economy in near-real time. Our model yields a significant increase in macroeconomic prediction accuracy over a linear benchmark model.2021-01-21T09:16:57+00:00enUsing Payments Data to Nowcast Macroeconomic Variables During the Onset of COVID-192021-01-21Econometric and statistical methodsPayment clearing and settlement systemsStaff Working Paper 2021-2https://www.bankofcanada.ca/wp-content/uploads/2021/01/swp2021-2.pdfStaff Working Paper 2021-2James ChapmanAjit DesaiJanuary 2021CC5C53C55EE3E37E4E42E5E52