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September 30, 2023

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Digitalization: Definition and Measurement

Staff discussion paper 2023-20 Guyllaume Faucher, Stéphanie Houle
This paper provides an overview of digitalization and its economic implications. We assess the scope of digitalization in Canada as well as the challenges related to its measurement.

Forecasting Risks to the Canadian Economic Outlook at a Daily Frequency

Staff discussion paper 2023-19 Chinara Azizova, Bruno Feunou, James Kyeong
This paper quantifies tail risks in the outlooks for Canadian inflation and real GDP growth by estimating their conditional distributions at a daily frequency. We show that the tail risk probabilities derived from the conditional distributions accurately reflect realized outcomes during the sample period from 2002 to 2022.
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