Seasonal Adjustment of Weekly Data Staff Discussion Paper 2024-17 Jeffrey Mollins, Rachit Lumb The industry standard for seasonally adjusting data, X-13ARIMA-SEATS, is not suitable for high-frequency data. We summarize and assess several of the most popular seasonal adjustment methods for weekly data given the increased availability and promise of non-traditional data at higher frequencies. Content Type(s): Staff research, Staff discussion papers Research Topic(s): Econometric and statistical methods JEL Code(s): C, C1, C4, C5, C52, C8, E, E0, E01, E2, E21
An Overview of the Indigenous Economy in Canada Staff Discussion Paper 2023-25 Alex Chernoff, Calista Cheung Several measures suggest economic outcomes have improved for Indigenous Peoples in recent decades. Yet, institutional settings and gaps in infrastructure and financing continue to hinder their economic progress. Recent efforts have helped address some data gaps, and new institutions are helping Indigenous communities to overcome historic barriers to growth. Content Type(s): Staff research, Staff discussion papers Research Topic(s): Central bank research, Development economics, Financial services, Labour markets, Monetary policy transmission, Regional economic developments JEL Code(s): E, E0, E01, E02, N, N4, N41, N42, O, O4, O43, P, P4, P48
Digitalization: Definition and Measurement Staff Discussion Paper 2023-20 Guyllaume Faucher, Stephanie 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. Content Type(s): Staff research, Staff discussion papers Research Topic(s): Digitalization, Potential output JEL Code(s): E, E0, E01, O, O3, O33, O5, O51
Overlooking the online world: Does mismeasurement of the digital economy explain the productivity slowdown? Staff Analytical Note 2021-10 Alejandra Bellatin, Stephanie Houle Since the mid-2000s, labour productivity has slowed down in Canada despite enormous technological advances that were expected to improve it. This note investigates whether mismeasurement of the digital economy can explain this paradox. Content Type(s): Staff research, Staff analytical notes Research Topic(s): Productivity JEL Code(s): E, E0, E01, L, L8, L86, O, O3, O33, O4, O5, O51
GDP by Industry in Real Time: Are Revisions Well Behaved? Staff Analytical Note 2018-40 Patrick Rizzetto The monthly data for real gross domestic product (GDP) by industry are used extensively in real time both to ground the Bank of Canada’s monitoring of economic activity and in the Bank’s nowcasting tools, making these data one of the most important high-frequency time series for Canadian nowcasting. Content Type(s): Staff research, Staff analytical notes Research Topic(s): Business fluctuations and cycles, Central bank research, Econometric and statistical methods JEL Code(s): C, C5, C53, C8, C82, E, E0, E01
Reconciling the Differences in Aggregate U.S. Wage Series Staff Working Paper 2016-1 Julien Champagne, André Kurmann, Jay Stewart Average hourly real wage series from the Labor Productivity and Costs (LPC) program and the Current Employment Statistics (CES) program have evolved very differently over the past decades. Content Type(s): Staff research, Staff working papers Research Topic(s): Business fluctuations and cycles, Labour markets JEL Code(s): E, E0, E01, E2, E24, E3, E30, J, J3, J30