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| 02658cam 2200373zi 4500 |
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| 001 | 9.885480 |
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| 003 | CaOODSP |
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| 005 | 20221107171144 |
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| 006 | m o d f |
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| 007 | cr |n||||||||| |
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| 008 | 200310t20202020oncd ob f000 0 eng d |
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| 040 | |aCaOODSP|beng|erda|cCaOODSP |
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| 041 | |aeng|bfre |
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| 086 | 1 |aFB3-1/116-2020E-PDF |
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| 100 | 1 |aBlagrave, Patrick, |eauthor. |
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| 245 | 10|aIMPACT : |bthe Bank of Canada's International Model for Projecting Activity / |cby Patrick Blagrave, Claudia Godbout, Justin-Damien Guénette, René Lalonde and Nikita Perevalov. |
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| 264 | 1|aOttawa, Ontario, Canada : |bBank of Canada, |c2020. |
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| 264 | 4|c©2020 |
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| 300 | |a1 online resource (iii, 48 pages) : |bcharts. |
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| 336 | |atext|btxt|2rdacontent |
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| 337 | |acomputer|bc|2rdamedia |
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| 338 | |aonline resource|bcr|2rdacarrier |
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| 490 | 1 |aTechnical report = Rapport technique, |x1919-689X ; |vno. 116 |
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| 500 | |aCover title. |
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| 504 | |aIncludes bibliographical references (pages 26-30). |
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| 520 | 3 |a"We present the structure and features of the International Model for Projecting Activity (IMPACT), a global semi-structural model used to conduct projections and policy analysis at the Bank of Canada. Major blocks of the model are developed based on the rational error correction framework of Kozicki and Tinsley (1999), which allows the model to strike a balance between theoretical structure and empirical performance. IMPACT divides the world economy into six regions: United States, the euro area, Japan, China, oil-importing emerging-market economies and oil-exporting rest of the world. The model features a rich set of cross-border trade and financial linkages that have been shown in the literature to be crucial to explaining global co-movements in business cycles. It is also globally consistent in the sense that both net foreign assets and net exports must be equal to zero at the global level. These cross-region linkages and the global stock-flow consistency allow IMPACT to generate a rigorous and more complete picture of the evolution of the global economy to better inform policy"--Abstract. |
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| 546 | |aIncludes abstract in French. |
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| 650 | 0|aMonetary policy|xEconometric models. |
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| 650 | 0|aBusiness cycles|xMathematical models. |
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| 650 | 6|aPolitique monétaire|xModèles économétriques. |
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| 650 | 6|aCycles économiques|xModèles mathématiques. |
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| 710 | 2 |aBank of Canada. |
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| 830 | #0|aTechnical report (Bank of Canada)|x1919-689X ; |vno. 116.|w(CaOODSP)9.505019 |
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| 856 | 40|qPDF|s1.08 MB|uhttps://publications.gc.ca/collections/collection_2020/banque-bank-canada/FB3-1-116-2020-eng.pdf |
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