Indicators of Capacity and Inflation Pressures for Canada
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| Title: |
Indicators of Capacity and Inflation Pressures for Canada |
| Alternate Title: |
|
| Corporate Author: |
Bank of Canada |
| Publisher: |
Bank of Canada |
| Country: |
Canada |
| Location: |
http://www.bankofcanada.ca/en/indinf.htm |
| Subject(s): |
Consumer price indexes Gross domestic product Productivity Canada |
| Language(s): |
English French |
| Date/Coverage: |
2003- |
| Publication Type: |
Text & Tables |
| Frequency: |
|
| Format: |
.html |
| Summary: |
The Bank of Canada monitors a wide range of indicators in assessing the extent of pressures on capacity and inflation. The Bank's conventional estimate of the output gap provides an overall assessment of the degree of slack in the economy, but this estimate is subject to considerable uncertainty. This uncertainty is addressed by considering a wide range of indicators in various markets. Many of these indicators are derived from data published by Statistics Canada, but some reflect information gathered by the Bank's regional representatives as well as by various outside sources. For further discussion of uncertainty as well as the information and analysis used to inform monetary policy decisions at the Bank of Canada, see Jenkins and Longworth1 (2002) and Macklem2 (2002). 1. Jenkins, Paul and David Longworth, Monetary Policy and Uncertainty. Bank of Canada Review, Summer 2002: 3-10. 2. Macklem, Tiff, Information and Analysis for Monetary Policy: Coming to a Decision. Bank of Canada Review, Summer 2002: 11-18. |
| Note: |
Note: The following tables are updated two days after the Bank's most recent announcement date for the target overnight rate, based on information available up to that date. When there is a Monetary Policy Report, the tables are updated on the release date of the Report, again based on information available up to the last fixed announcement date. |