Greg Tkacz


March 9, 2010

An Uncertain Past: Data Revisions and Monetary Policy in Canada

Many important economic variables are subject to revision. This article explains how, when, and why such revisions occur; how revisions to Canadian gross domestic product (GDP) compare with GDP revisions in some other countries; which GDP components are subject to the largest revisions; and how data revisions can affect policy decisions. The author finds that revisions to Canadian GDP tend to be smaller, on average, than those of some other countries, and that among the GDP components, exports and imports are most heavily revised.

A Consistent Test for Multivariate Conditional Distributions

Staff Working Paper 2009-34 Fuchun Li, Greg Tkacz
We propose a new test for a multivariate parametric conditional distribution of a vector of variables yt given a conditional vector xt.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Econometric and statistical methods JEL Code(s): C, C1, C12, C2, C22

Credit, Asset Prices, and Financial Stress in Canada

Staff Working Paper 2008-10 Miroslav Misina, Greg Tkacz
Historical narratives typically associate financial crises with credit expansions and asset price misalignments. The question is whether some combination of measures of credit and asset prices can be used to predict these events.

Electronic Transactions as High-Frequency Indicators of Economic Activity

Staff Working Paper 2007-58 John Galbraith, Greg Tkacz
Since the advent of standard national accounts data over 60 years ago, economists have traditionally relied on monthly or quarterly data supplied by central statistical agencies for macroeconomic modelling and forecasting.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Business fluctuations and cycles JEL Code(s): E, E1, E17, E2, E27, E6, E66

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