E17 - Forecasting and Simulation: Models and Applications - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T02:13:43+00:00CANVAS: A Canadian Behavioral Agent-Based Model
https://www.bankofcanada.ca/2022/12/staff-working-paper-2022-51/
The Bank of Canada’s current suite of models faces challenges in addressing network effects that integrate household and firm-level heterogeneity and their behaviours. We develop CANVAS, a Canadian behavioural agent-based model to contribute to the Bank’s next-generation modelling effort. CANVAS improves forecasting performance and expands capacity for model-based scenario analysis.2022-12-20T08:40:00+00:00enCANVAS: A Canadian Behavioral Agent-Based Model2022-12-20Central bank researchEconometric and statistical methodsEconomic modelsFirm dynamicsInflation and pricesStaff Working Paper 2022-51https://www.bankofcanada.ca/wp-content/uploads/2022/12/swp2022-51.pdfCANVAS: A Canadian Behavioral Agent-Based ModelCars HommesMario HeSebastian PolednaMelissa SiqueiraYang ZhangDecember 2022CDD2D22D8D83EE1E17