How to Improve Inflation Forecasting in Canada

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Publisher : International Monetary Fund
ISBN 13 : 1513514970
Total Pages : 22 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis How to Improve Inflation Forecasting in Canada by : Mr.Troy D Matheson

Download or read book How to Improve Inflation Forecasting in Canada written by Mr.Troy D Matheson and published by International Monetary Fund. This book was released on 2019-09-13 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: Against the backdrop of an ongoing review of the inflation-targeting framework, this paper examines the real-time inflation forecasts of the Bank of Canada with the aim of identifying potential areas for improvement. Not surprisingly, the results show that errors in forecasting non-core inflation (commodity prices etc.) are found to be the largest contributors to overall inflation forecast errors. Perhaps more importantly, relatively small core inflation forecast errors appear to mask large and offsetting errors related to the output gap and the policy interest rate, partly reflecting a tendency to overestimate the neutral nominal policy rate in real time. Faced with these uncertainties, the Governing Council’s gradual approach to changing its policy settings appears to have served it well.

How to Improve Inflation Targeting in Canada

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Publisher : International Monetary Fund
ISBN 13 : 1475541309
Total Pages : 43 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis How to Improve Inflation Targeting in Canada by : Mr.Maurice Obstfeld

Download or read book How to Improve Inflation Targeting in Canada written by Mr.Maurice Obstfeld and published by International Monetary Fund. This book was released on 2016-09-26 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: Routine publication of the forecast path for the policy interest rate (i.e. “conventional forward guidance”) would improve the transparency of monetary policy. It would also improve policy effectiveness through its influence on expectations, particularly when there is a risk of low inflation, and the policy rate is constrained by the effective lower bound. Model simulations indicate that a potent macroeconomic strategy, for returning the Canadian economy to potential, combines conventional forward guidance with a fiscal stimulus. As a response to the effective lower bound constraint, and the decline in the world equilibrium real interest rate, this strategy is preferable to raising the inflation target.

How to Improve Inflation Targeting in Canada

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (132 download)

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Book Synopsis How to Improve Inflation Targeting in Canada by : Maurice Obstfeld

Download or read book How to Improve Inflation Targeting in Canada written by Maurice Obstfeld and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Advancing the Frontiers of Monetary Policy

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Publisher : International Monetary Fund
ISBN 13 : 148432594X
Total Pages : 297 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Advancing the Frontiers of Monetary Policy by : Tobias Adrian

Download or read book Advancing the Frontiers of Monetary Policy written by Tobias Adrian and published by International Monetary Fund. This book was released on 2018-04-13 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contributors working at the International Monetary Fund present 14 chapters on the development of monetary policy over the past quarter century through the lens of the evolution of inflation-forecast targeting. They describe the principles and practices of inflation-forecast targeting, including managing expectations, the implementation of a forecasting and policy analysis system, monetary operations, monetary policy and financial stability, financial conditions, and transparency and communications; aspects of inflation-forecast targeting in Canada, the Czech Republic, India, and the US; and monetary policy challenges faced by low-income countries and how inflation-forecast targeting can provide an anchor in countries with different economic structures and circumstances.

Forecasting Core Inflation in Canada

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Publisher :
ISBN 13 :
Total Pages : 58 pages
Book Rating : 4.:/5 (255 download)

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Book Synopsis Forecasting Core Inflation in Canada by : Frédérick Demers

Download or read book Forecasting Core Inflation in Canada written by Frédérick Demers and published by . This book was released on 2005 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Forecasting Inflation with the M1-VECM

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Publisher :
ISBN 13 :
Total Pages : 33 pages
Book Rating : 4.:/5 (563 download)

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Book Synopsis Forecasting Inflation with the M1-VECM by : Walter Engert

Download or read book Forecasting Inflation with the M1-VECM written by Walter Engert and published by . This book was released on 1998 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Forecasting Core Inflation in Canada

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (19 download)

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Book Synopsis Forecasting Core Inflation in Canada by : Frédérick Demers

Download or read book Forecasting Core Inflation in Canada written by Frédérick Demers and published by . This book was released on 2005 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The authors investigate the behaviour of core inflation in Canada to analyze three key issues: (i) homogeneity in the response of various price indexes to demand or real exchange rate shocks relative to the response of aggregate core inflation; (ii) whether using disaggregate data helps to improve the forecast of core inflation; and (iii) whether using monthly data helps to improve quarterly forecasts. The authors show that the response of inflation to output-gap or real exchange rate shocks varies considerably across the components, although the average response remains low; they also show that the average response has decreased over time."--Pub. website.

Evaluating Factor Models : an Application to Forecasting Inflation in Canada

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Publisher :
ISBN 13 :
Total Pages : 26 pages
Book Rating : 4.:/5 (248 download)

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Book Synopsis Evaluating Factor Models : an Application to Forecasting Inflation in Canada by : Gosselin, Marc-André

Download or read book Evaluating Factor Models : an Application to Forecasting Inflation in Canada written by Gosselin, Marc-André and published by . This book was released on 2001 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Canadian Economic Forecasting

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Publisher : McGill-Queen's Press - MQUP
ISBN 13 : 9780773506213
Total Pages : 260 pages
Book Rating : 4.5/5 (62 download)

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Book Synopsis Canadian Economic Forecasting by : Mervin A. Daub

Download or read book Canadian Economic Forecasting written by Mervin A. Daub and published by McGill-Queen's Press - MQUP. This book was released on 1987 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: Forecasting is an important part of the desire to influence our destiny in an uncertain future. While there are many faces to the forecasting Eve, perhaps the most important in the present age involves prediction about economic matters relating to the larger community. Mervin Daub argues that careful consideration of aggregate economic forecasting, in this case with particular reference to Canada, enables us to better understand the role which prediction plays in human affairs.

How to Improve Inflation Targeting at the Bank of Canada

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Publisher :
ISBN 13 :
Total Pages : 34 pages
Book Rating : 4.:/5 (32 download)

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Book Synopsis How to Improve Inflation Targeting at the Bank of Canada by : Nicholas Rowe

Download or read book How to Improve Inflation Targeting at the Bank of Canada written by Nicholas Rowe and published by . This book was released on 2002 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Dismiss the Gap?

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Dismiss the Gap? by : Lise Pichette

Download or read book Dismiss the Gap? written by Lise Pichette and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Inflation Expectations

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Publisher : Routledge
ISBN 13 : 1135179778
Total Pages : 402 pages
Book Rating : 4.1/5 (351 download)

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Book Synopsis Inflation Expectations by : Peter J. N. Sinclair

Download or read book Inflation Expectations written by Peter J. N. Sinclair and published by Routledge. This book was released on 2009-12-16 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inflation is regarded by the many as a menace that damages business and can only make life worse for households. Keeping it low depends critically on ensuring that firms and workers expect it to be low. So expectations of inflation are a key influence on national economic welfare. This collection pulls together a galaxy of world experts (including Roy Batchelor, Richard Curtin and Staffan Linden) on inflation expectations to debate different aspects of the issues involved. The main focus of the volume is on likely inflation developments. A number of factors have led practitioners and academic observers of monetary policy to place increasing emphasis recently on inflation expectations. One is the spread of inflation targeting, invented in New Zealand over 15 years ago, but now encompassing many important economies including Brazil, Canada, Israel and Great Britain. Even more significantly, the European Central Bank, the Bank of Japan and the United States Federal Bank are the leading members of another group of monetary institutions all considering or implementing moves in the same direction. A second is the large reduction in actual inflation that has been observed in most countries over the past decade or so. These considerations underscore the critical – and largely underrecognized - importance of inflation expectations. They emphasize the importance of the issues, and the great need for a volume that offers a clear, systematic treatment of them. This book, under the steely editorship of Peter Sinclair, should prove very important for policy makers and monetary economists alike.

How to improve inflation targeting at the Bank of Canada

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Publisher :
ISBN 13 :
Total Pages : 34 pages
Book Rating : 4.:/5 (833 download)

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Book Synopsis How to improve inflation targeting at the Bank of Canada by : Nicholas Rowe

Download or read book How to improve inflation targeting at the Bank of Canada written by Nicholas Rowe and published by . This book was released on 2002 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Canada

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498321038
Total Pages : 73 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Canada by : International Monetary Fund. Western Hemisphere Dept.

Download or read book Canada written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2019-06-24 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: Selected Issues

What Can Earnings Calls Tell Us about the Output Gap and Inflation in Canada?

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (138 download)

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Book Synopsis What Can Earnings Calls Tell Us about the Output Gap and Inflation in Canada? by : Marc-André Gosselin

Download or read book What Can Earnings Calls Tell Us about the Output Gap and Inflation in Canada? written by Marc-André Gosselin and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We construct new indicators of the imbalance between demand and supply for the Canadian economy by using natural language processing techniques to analyze earnings calls of publicly listed firms. The results show that the text-based indicators are highly correlated with official inflation data and estimates of the output gap and improve the accuracy of inflation forecasts. This suggests that these indicators could help central banks foresee inflationary pressures in the economy. Our examination of other topics in earnings calls, such as supply chain disruptions and capacity constraints, points to the potential benefits of using textual data to quickly draw insights on a range of relevant topics. We conclude that text-based measures of economic slack should be included in central banks' monitoring and forecasting toolkits.

Flexible Inflation Forecast Targeting

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Publisher :
ISBN 13 :
Total Pages : 37 pages
Book Rating : 4.:/5 (838 download)

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Book Synopsis Flexible Inflation Forecast Targeting by : Glenn D. Otto

Download or read book Flexible Inflation Forecast Targeting written by Glenn D. Otto and published by . This book was released on 2011 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Evaluating Forecasts from Factor Models for Canadian GDP Growth and Core Inflation

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (778 download)

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Book Synopsis Evaluating Forecasts from Factor Models for Canadian GDP Growth and Core Inflation by : Calista Cheung

Download or read book Evaluating Forecasts from Factor Models for Canadian GDP Growth and Core Inflation written by Calista Cheung and published by . This book was released on 2007 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: