James Rossiter

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Nowcasting the Global Economy

Staff Discussion Paper 2010-12 James Rossiter
Forecasts of global economic activity and inflation are important inputs when conducting monetary policy in small open economies such as Canada. As part of the Bank of Canada's broad agenda to augment its short-term forecasting tools, the author constructs simple mixed-frequency forecasting equations for quarterly global output, imports, and inflation using the monthly global Purchasing Managers Index (PMI).
Content Type(s): Staff Research, Staff Discussion Papers Topic(s): Economic models, International topics JEL Code(s): E, E3, E37, F, F4, F47

Introducing the Bank of Canada's Projection Model for the Global Economy

To complement its existing set of tools to analyze and forecast developments in the global economy, the Bank of Canada recently developed a version of the Global Projection Model (GPM) jointly with staff at the International Monetary Fund.

September 15, 2008 Offshoring and Its Effects on the Labour Market and Productivity: A Survey of Recent Literature

Offshoring has become an increasingly prominent aspect of the globalization process. Evidence over the past two decades suggests that offshoring has not exerted a noticeable impact on overall employment and earnings growth in advanced economies, but it has likely contributed to shifting the demand for labour towards higher-skilled jobs. There appear to be some positive effects of offshoring on productivity, but such effects differ by country.

Using Monthly Indicators to Predict Quarterly GDP

Staff Working Paper 2006-26 Yi Zheng, James Rossiter
The authors build a model for predicting current-quarter real gross domestic product (GDP) growth using anywhere from zero to three months of indicators from that quarter.

Measurement Bias in the Canadian Consumer Price Index

Staff Working Paper 2005-39 James Rossiter
The consumer price index (CPI) is the most commonly used measure of inflation in Canada.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Inflation and prices, Inflation targets JEL Code(s): E, E3, E31, E5, E52

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