Maureen MacIsaac - Latest

• Predicting Changes in Canadian Housing Markets with Machine Learning

  Staff Discussion Paper 2023-21 Johan Brannlund, Helen Lao, Maureen MacIsaac, Jing Yang

  We apply two machine learning algorithms to forecast monthly growth of house prices and existing homes sales in Canada. Although the algorithms can sometimes outperform a linear model, the improvement in forecast accuracy is not always statistically significant.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Econometric and statistical methods, Financial markets, Housing JEL Code(s): A, C, C4, C45, C5, C53, D, D2, R, R2, R3

• Characterizing Breadth in Canadian Economic Activity

  Staff Analytical Note 2020-1 Taylor Webley, Carla Valerio, Maureen MacIsaac

  Real growth in gross domestic product tends to be meaningfully higher when a large share of industries and demand components are growing—that is, when growth is broad across many fronts.

  Content Type(s): Staff research, Staff analytical notes Topic(s): Business fluctuations and cycles JEL Code(s): E, E3, E32