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| 02228nam 2200361zi 4500 |
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| 001 | 9.902846 |
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| 003 | CaOODSP |
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| 005 | 20221107180056 |
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| 006 | m o d f |
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| 007 | cr |n||||||||| |
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| 008 | 210825t20212021oncd ob f|0| 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 |aFB3-5/2021-24E-PDF |
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| 100 | 1 |aBoire, François-Michel, |eauthor. |
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| 245 | 10|aShaping the future : |bpolicy shocks and the GDP growth distribution / |cby François-Michel Boire, Thibaut Duprey and Alexander Ueberfeldt. |
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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 (iii, 44 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 |aStaff working paper = |aDocument de travail du personnel, |x1701-9397 ; |v2021-24 |
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| 500 | |a"Last updated: May 25, 2021." |
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| 504 | |aIncludes bibliographical references (pages 21-24). |
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| 520 | |a"We incorporate quantile regressions into a structural vector autoregression model to empirically assess how monetary and fiscal policy influence risks around future GDP growth. Using a panel of six developed countries, we find that both policy instruments affect the location of the distribution of future GDP growth, whereas fiscal shocks also impact the shape of the distribution. Fiscal stimulus generates upside risk, paving the path to a faster recovery, especially when the policy rate is constrained by the zero lower bound (ZLB). Unconventional monetary policy during ZLB episodes has a comparable effect on future GDP growth as conventional monetary policy"--Abstract, page iii. |
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| 650 | 0|aGross domestic product|xEconometric models. |
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| 650 | 0|aMonetary policy|xEconometric models. |
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| 650 | 6|aProduit intérieur brut|xModèles économétriques. |
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| 650 | 6|aPolitique monétaire|xModèles économétriques. |
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| 710 | 2 |aBank of Canada, |eissuing body. |
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| 830 | #0|aStaff working paper (Bank of Canada)|v2021-24.|w(CaOODSP)9.806221 |
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| 856 | 40|qPDF|s800 KB|uhttps://publications.gc.ca/collections/collection_2021/banque-bank-canada/FB3-5-2021-24-eng.pdf |
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