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Bank of Canada RSS Feedsen2024-03-29T05:50:46+00:00The Bank of Canada's New Quarterly Projection Model, Part 3. The Dynamic Model: QPM
https://www.bankofcanada.ca/1996/05/technical-report-no75/
The Bank of Canada's new Quarterly Projection Model, QPM, combines the short-term dynamic properties necessary to support regular economic projections with the consistent behavioural structure necessary for policy analysis.1996-05-01T13:52:27+00:00enThe Bank of Canada's New Quarterly Projection Model, Part 3. The Dynamic Model: QPM1996-05-01Economic modelsTechnical Report 75 https://www.bankofcanada.ca/wp-content/uploads/2010/01/tr75.pdfThe Dynamic Model: QPM, The Bank of Canada's New Quarterly Projection Model, Part 3Donald ColettiBenjamin HuntDavid RoseRobert TetlowMay 1996CC5C53EE1E17The effect of foreign demand shocks on the Canadian economy: An analysis using QPM
https://www.bankofcanada.ca/wp-content/uploads/2010/06/r954b.pdf
Historically, rapid and unsustainable increases in the demand for goods and services originating within the economies of Canada's major trading partners have had a significant impact on the domestic economy. These episodes are typically characterized by increases in world commodity prices and by a tightening of monetary conditions abroad to contain inflationary pressures.
In this article, the author uses the Bank's quarterly projection model (QPM) (described in the autumn 1994 issue of the Review) to trace the mechanisms that transmit these foreign developments throughout the Canadian economy. In addition, he outlines the response that is required from domestic monetary authorities to maintain a target rate of inflation.1995-11-09T12:17:15+00:00enThe effect of foreign demand shocks on the Canadian economy: An analysis using QPM1995-11-09