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| 001 | 9.902581 |
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| 003 | CaOODSP |
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| 005 | 20230921134643 |
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| 006 | m o d f |
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| 007 | cr cn||||||||| |
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| 008 | 210817t20212021oncd ob f000 0 eng d |
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| 040 | |aCaOODSP|beng|erda|cCaOODSP |
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| 043 | |an-cn--- |
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| 086 | 1 |aFB3-1/119-2021E-PDF |
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| 100 | 1 |aCorrigan, Paul R. |q(Paul Richard), |d1976- |eauthor. |
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| 245 | 10|aToTEM III : |bthe Bank of Canada's main DSGE model for projection and policy analysis / |cby Paul Corrigan, Hélène Desgagnés, José Dorich, Vadym Lepetyuk, Wataru Miyamoto and Yang Zhang. |
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| 264 | 1|aOttawa, Ontario, Canada : |bBank of Canada = Banque du Canada, |c2021. |
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| 264 | 4|c©2021 |
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| 300 | |a1 online resource (ii, 56 pages) : |bgraphs. |
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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 ; |v119 |
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| 500 | |aCover title. |
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| 500 | |a"Last updated: June 28, 2021." |
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| 504 | |aIncludes bibliographical references (pages 45-47). |
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| 520 | 3 |a"We present a technical description of the second large-scale update to the Terms-of-Trade Economic Model: ToTEM III. This updated version of the model replaced ToTEM II in 2017. ToTEM III's structure includes key aspects of household indebtedness and improved modelling of the housing market. These new features allow Bank staff to address a broader range of economic issues. Moreover, the model is estimated using a Bayesian methodology with informative priors and a larger set of observable variables, including improved measures of the factors explaining non-commodity exports. These enhancements in the model structure and estimation have contributed to significant improvements in the empirical properties of the model. We also compare the new model’s responses to key macroeconomic shocks with those of ToTEM II and explore two important policy applications"--Abstract, page ii. |
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| 610 | 20|aBank of Canada. |
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| 610 | 20|aBanque du Canada. |
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| 650 | 0|aMonetary policy|zCanada|xEconometric models. |
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| 650 | 6|aPolitique monétaire|zCanada|xModèles économétriques. |
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| 710 | 2 |aBank of Canada, |eissuing body. |
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| 830 | #0|aTechnical report (Bank of Canada)|x1919-689X ; |v119.|w(CaOODSP)9.505019 |
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| 856 | 40|qPDF|s1.79 MB|uhttps://publications.gc.ca/collections/collection_2021/banque-bank-canada/FB3-1-119-2021-eng.pdf |
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