00000nam 2200000zi 4500 9.927540 CaOODSP 20250218144329 m o d f cr |n||||||||| 230919t20232023oncd ob f|0| 0 eng d CaOODSP eng rda CaOODSP eng eng fre n-cn--- FB3-5/2023-37E-PDF Taskin, Temel, author. Global demand and supply sentiment : evidence from earnings calls / by Temel Taskin and Franz Ulrich Ruch. [Ottawa] : Bank of Canada = Banque du Canada, 2023. ©2023 1 online resource (ii, 32 pages) : charts. text txt rdacontent computer c rdamedia online resource cr rdacarrier Staff working paper = Document de travail du personnel, 1701-9397 ; 2023-37 "Last updated: June 30, 2023." Includes bibliographical references. "This paper quantifies global demand, supply and uncertainty shocks and compares two major global recessions: the 2008–09 Great Recession and the COVID-19 pandemic. We use two alternate approaches to decompose economic shocks: text mining techniques on earning call transcripts and a structural Bayesian vector autoregression model. The results highlight sharp contrast in the size of supply and demand shocks over time and across sectors. While the Great Recession was characterized by demand shocks, COVID-19 caused sizable disruptions to both demand and supply. These shocks were broad-based with varying relative importance across major sectors. Furthermore, certain sub-sectors, such as professional and business services, internet retail, and grocery/department stores, fared better than others during the pandemic"--Abstract. Includes abstract in French. COVID-19 Pandemic, 2020-2023 Economic aspects. Financial crises. Recessions. Pandémie de COVID-19, 2020-2023 Aspect économique. Crises financières. Récessions. Bank of Canada, issuing body. Staff working paper (Bank of Canada) 2023-37. (CaOODSP)9.806221 PDF 4.93 MB https://publications.gc.ca/collections/collection_2023/banque-bank-canada/FB3-5-2023-37-eng.pdf