Characterizing breadth in Canadian economic activity / by Taylor Webley, Carla Valerio and Maureen MacIsaac.: FB3-7/2020-1E-PDF
"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. We present a simple new indicator, the overall breadth indicator (OBI), to measure how widespread economic activity is in Canada, allowing us to place recent data in historical context. The relationship between the OBI and the output gap is strong contemporaneously and one quarter ahead. Beyond that, however, the signal from the OBI is less robust"--Abstract.
Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.884458&sl=0
| Department/Agency | Bank of Canada. |
|---|---|
| Title | Characterizing breadth in Canadian economic activity / by Taylor Webley, Carla Valerio and Maureen MacIsaac. |
| Series title | Staff analytical note = Note analytique du personnel, 2369-9639 ; 2020-1 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Electronic |
| Electronic document | |
| Note(s) | Cover title. "Last updated: February 5, 2020." Includes bibliographical references (page 8). Includes Abstract in French. |
| Publishing information | Ottawa, Ontario, Canada : Bank of Canada = Banque du Canada, 2020. ©2020 |
| Author / Contributor | Webley, Taylor, author. |
| Description | 1 online resource (iii, 8 pages) : charts |
| Catalogue number |
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| Subject terms | Economic development -- Canada -- Measurement. Développement économique -- Canada -- Mesure. Canada -- Economic conditions. Canada -- Conditions économiques. |