Benjamin Hunt

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Technical reports

The Bank of Canada's New Quarterly Projection Model, Part 3. The Dynamic Model: QPM

Technical Report No. 75 Donald Coletti, Benjamin Hunt, David Rose, Robert Tetlow
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.
Content Type(s): Staff research, Technical reports Topic(s): Economic models JEL Code(s): C, C5, C53, E, E1, E17

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Bank publications

Bank of Canada Review articles

November 9, 1995

The effect of foreign demand shocks on the Canadian economy: An analysis using QPM

Bank of Canada Review - Autumn 1995 Benjamin Hunt
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.
Content Type(s): Publications, Bank of Canada Review articles Topic(s): Recent economic and financial developments

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