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040 |aCaOODSP|beng|erda|cCaOODSP
041 |aeng|beng|bfre
043 |an-cn---
0861 |aFB3-5/2023-37E-PDF
1001 |aTaskin, Temel, |eauthor.
24510|aGlobal demand and supply sentiment : |bevidence from earnings calls / |cby Temel Taskin and Franz Ulrich Ruch.
264 1|a[Ottawa] : |bBank of Canada = Banque du Canada, |c2023.
264 4|c©2023
300 |a1 online resource (ii, 32 pages) : |bcharts.
336 |atext|btxt|2rdacontent
337 |acomputer|bc|2rdamedia
338 |aonline resource|bcr|2rdacarrier
4901 |aStaff working paper = Document de travail du personnel, |x1701-9397 ; |v2023-37
500 |a"Last updated: June 30, 2023."
504 |aIncludes bibliographical references.
520 |a"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.
546 |aIncludes abstract in French.
650 0|aCOVID-19 Pandemic, 2020-|xEconomic aspects.
650 0|aFinancial crises.
650 0|aRecessions.
650 6|aPandémie de COVID-19, 2020-|xAspect économique.
650 6|aCrises financières.
650 6|aRécessions.
7102 |aBank of Canada, |eissuing body.
830#0|aStaff working paper (Bank of Canada)|v2023-37.|w(CaOODSP)9.806221
85640|qPDF|s4.93 MB|uhttps://publications.gc.ca/collections/collection_2023/banque-bank-canada/FB3-5-2023-37-eng.pdf