David Dupuis

Latest

A Model of Housing Stock for Canada

Staff Working Paper 2010-19 David Dupuis, Yi Zheng
Using an error-correction model (ECM) framework, the authors attempt to quantify the degree of disequilibrium in Canadian housing stock over the period 1961–2008 for the national aggregate and over 1981–2008 for the provinces.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Domestic demand and components JEL Code(s): E, E2, E21, J, J0, J00

Relative Price Movements and Labour Productivity in Canada: A VAR Analysis

Staff Discussion Paper 2010-5 Michael Dolega, David Dupuis, Lise Pichette
In recent years, the Canadian economy has been affected by strong movements in relative prices brought about by the surging costs of energy and non-energy commodities, with significant implications for the terms of trade, the exchange rate, and the allocation of resources across Canadian sectors and regions.

Computing the Accuracy of Complex Non-Random Sampling Methods: The Case of the Bank of Canada's Business Outlook Survey

Staff Working Paper 2009-10 Daniel de Munnik, David Dupuis, Mark Illing
A number of central banks publish their own business conditions survey based on non-random sampling methods. The results of these surveys influence monetary policy decisions and thus affect expectations in financial markets. To date, however, no one has computed the statistical accuracy of these surveys because their respective non-random sampling method renders this assessment non-trivial.
September 15, 2008

The Effects of Recent Relative Price Movements on the Canadian Economy

Although the standard of living of Canadians has improved as a result of terms-of-trade gains created by the sharp rise in real commodity prices over the past five years or so, the commodity-price increase, combined with an exchange rate appreciation and real income gain, triggered structural adjustments by altering underlying economic incentives. The frictions generated in adjusting to the relative price shock have likely contributed to hold back aggregate productivity growth. Dupuis and Marcil examine the structural adjustments that have been required-in particular, the resource reallocation among the different sectors of the economy-and its effects on employment, output, and productivity, as well as the responses of final domestic demand and external trade flows.

Forecasting Canadian GDP: Region-Specific versus Countrywide Information

Staff Working Paper 2005-31 Frédérick Demers, David Dupuis
The authors investigate whether the aggregation of region-specific forecasts improves upon the direct forecasting of Canadian GDP growth.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Econometric and statistical methods JEL Code(s): C, C3, C32, C5, C53, E, E1, E17

See More

Follow the Bank