Work

Parsing Shocks: Real-Time Revisions to Gap and Growth Projections for Canada

Year: 2009

Type: article

Abstract: The output gap—the deviation of output from potential output—has played an important role in the conduct of monetary policy in Canada. This article reviews the Bank of Canada’s definition of potential output, as well as the use of the output gap in monetary policy.

DOI: 10.20955/r.91.247-266

Authors: Russell Barnett, Sharon Kozicki, Christopher Petrinec

Institution: Bank of Canada

Language: English

Topic: Monetary Policy and Economic Impact

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: gold

OpenAlex ID: W1538739808

FWCI: 2.438

Cites: 33

Cited by: 12

Related to: 10