Greg Tkacz - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T11:04:20+00:00An Uncertain Past: Data Revisions and Monetary Policy in Canada
https://www.bankofcanada.ca/wp-content/uploads/2010/06/tkacz.pdf
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.2010-03-09T10:53:32+00:00enAn Uncertain Past: Data Revisions and Monetary Policy in Canada2010-03-09A Consistent Test for Multivariate Conditional Distributions
https://www.bankofcanada.ca/2009/12/working-paper-2009-34/
We propose a new test for a multivariate parametric conditional distribution of a vector of variables yt given a conditional vector xt.2009-12-15T14:54:46+00:00enA Consistent Test for Multivariate Conditional Distributions2009-12-15Econometric and statistical methodsWorking Paper 2009-34 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp09-34.pdfA Consistent Test for Multivariate Conditional DistributionsFuchun LiGreg TkaczDecember 2009CC1C12C2C22Credit, Asset Prices, and Financial Stress in Canada
https://www.bankofcanada.ca/wp-content/uploads/2012/01/fsr-1208-misina.pdf
2008-12-21T13:33:57+00:00enCredit, Asset Prices, and Financial Stress in Canada2008-12-21Credit, Asset Prices, and Financial Stress in Canada
https://www.bankofcanada.ca/2008/04/working-paper-2008-10/
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.2008-04-08T12:03:27+00:00enCredit, Asset Prices, and Financial Stress in Canada2008-04-08Credit and credit aggregatesFinancial stabilityWorking Paper 2008-10 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp08-10.pdfCredit, Asset Prices, and Financial Stress in CanadaMiroslav MisinaGreg TkaczApril 2008EE5GG1G10Electronic Transactions as High-Frequency Indicators of Economic Activity
https://www.bankofcanada.ca/2007/12/working-paper-2007-58/
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.2007-12-04T09:55:01+00:00enElectronic Transactions as High-Frequency Indicators of Economic Activity2007-12-04Business fluctuations and cyclesWorking Paper 2007-58 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp07-58.pdfElectronic Transactions as High-Frequency Indicators of Economic ActivityJohn GalbraithGreg TkaczDecember 2007EE1E17E2E27E6E66Gold Prices and Inflation
https://www.bankofcanada.ca/2007/06/working-paper-2007-35/
Using data for 14 countries over the 1994 to 2005 period, we assess the leading indicator properties of gold at horizons ranging from 6 to 24 months.2007-06-01T12:36:16+00:00enGold Prices and Inflation2007-06-01Exchange ratesInflation and pricesWorking Paper 2007-35 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp07-35.pdfGold Prices and InflationGreg TkaczJune 2007EE3E31E4E44How Far Can Forecasting Models Forecast? Forecast Content Horizons for Some Important Macroeconomic Variables
https://www.bankofcanada.ca/2007/02/working-paper-2007-1/
For stationary transformations of variables, there exists a maximum horizon beyond which forecasts can provide no more information about the variable than is present in the unconditional mean. Meteorological forecasts, typically excepting only experimental or exploratory situations, are not reported beyond this horizon; by contrast, little generally accepted information about such maximum horizons is available for economic variables.2007-02-01T10:00:59+00:00enHow Far Can Forecasting Models Forecast? Forecast Content Horizons for Some Important Macroeconomic Variables2007-02-01Business fluctuations and cyclesEconometric and statistical methodsWorking Paper 2007-1 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp07-1.pdfHow Far Can Forecasting Models Forecast? Forecast Content Horizons for Some Important Macroeconomic VariablesJohn GalbraithGreg TkaczFebruary 2007CC5C53Linear and Threshold Forecasts of Output and Inflation with Stock and Housing Prices
https://www.bankofcanada.ca/2006/07/working-paper-2006-25/
The authors examine whether simple measures of Canadian equity and housing price misalignments contain leading information about output growth and inflation.2006-07-03T15:16:17+00:00enLinear and Threshold Forecasts of Output and Inflation with Stock and Housing Prices2006-07-03Business fluctuations and cyclesInflation and pricesWorking Paper 2006-25 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp06-25.pdfLinear and Threshold Forecasts of Output and Inflation with Stock and Housing PricesGreg TkaczCarolyn A. WilkinsJuly 2006CC5C53EE4Quantity, Quality, and Relevance: Central Bank Research, 1990–2003
https://www.bankofcanada.ca/2005/12/working-paper-2005-37/
The authors document the research output of 34 central banks from 1990 to 2003, and use proxies of research inputs to measure the research productivity of central banks over this period.2005-12-01T10:00:29+00:00enQuantity, Quality, and Relevance: Central Bank Research, 1990–20032005-12-01Central bank researchWorking Paper 2005-37 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp05-37.pdfQuantity, Quality, and Relevance: Central Bank Research, 1990–2003Pierre St-AmantGreg TkaczAnnie Guérard-LangloisLouis MorelDecember 2005EE5E59Estimating Policy-Neutral Interest Rates for Canada Using a Dynamic Stochastic General-Equilibrium Framework
https://www.bankofcanada.ca/2004/03/working-paper-2004-9/
In an era when the primary policy instrument is the level of the short-term interest rate, a comparison of that rate with some equilibrium rate can be a useful guide for policy and a convenient method to measure the stance of monetary policy.2004-03-01T11:45:27+00:00enEstimating Policy-Neutral Interest Rates for Canada Using a Dynamic Stochastic General-Equilibrium Framework2004-03-01Interest ratesWorking Paper 2004-9 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp04-9.pdfEstimating Policy-Neutral Interest Rates for Canada Using a Dynamic Stochastic General-Equilibrium FrameworkJean-Paul LamGreg TkaczMarch 2004CC3C32EE3E37