000001153 001__ 1153 000001153 005__ 20250211155757.0 000001153 0247_ $$a10.34989/tr-99$$2DOI 000001153 035__ $$a10.34989/tr-99 000001153 041__ $$aeng 000001153 084__ $$aC Mathematical and Quantitative Methods$$02849 000001153 084__ $$aC6 Mathematical Methods; Programming Models; Mathematical and Simulation Modeling$$02899 000001153 084__ $$aC68 Computable General Equilibrium Models$$02906 000001153 084__ $$aE Macroeconomics and Monetary Economics$$03005 000001153 084__ $$aE2 Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy$$03019 000001153 084__ $$aE27 Forecasting and Simulation: Models and Applications$$03027 000001153 084__ $$aE3 Prices, Business Fluctuations, and Cycles$$03029 000001153 084__ $$aE37 Forecasting and Simulation: Models and Applications$$03033 000001153 084__ $$aF International Economics$$03061 000001153 084__ $$aF0 General$$03062 000001153 084__ $$aF01 Global Outlook$$03064 000001153 245__ $$aIntroducing the Bank of Canada's Projection Model for the Global Economy 000001153 260__ $$bBank of Canada 000001153 269__ $$a2010 000001153 300__ $$a1 online resource (v, 65 pages) 000001153 336__ $$aText 000001153 347__ $$bPDF 000001153 520__ $$aTo complement its existing set of tools to analyze and forecast developments in the global economy, the Bank of Canada recently developed a version of the Global Projection Model (GPM) jointly with staff at the International Monetary Fund. The GPM is a highly stylized quarterly projection model for the global economy based on work by Carabenciov et al. (2008). The GPM is specifically designed to meet the need for a better tool to conduct the global projection. The model’s main strength is that it provides an internally consistent projection for the global economy, wherein a shock to any individual block of the model is transmitted to the other economies through several channels. Moreover, it enables staff to better account for changes in view from projection to projection and to analyze the general-equilibrium impact on the global economy of a number of key shocks.$$7Abstract 000001153 520__ $$aAfin de compléter les outils dont elle dispose pour analyser et prévoir l'évolution de l'économie mondiale, la Banque du Canada a conçu récemment avec le Fonds monétaire international un nouveau modèle de projection mondial. Ce modèle très stylisé de prévision trimestrielle s'inspire du travail de Carabenciov et autres (2008). Il vise plus précisément à affiner les projections internationales. Son principal atout réside dans la cohérence interne des prévisions obtenues pour l'économie mondiale, car les chocs modélisés dans chaque bloc se transmettent aux autres économies par plusieurs canaux. En outre, le modèle permet aux économistes de mieux tenir compte des changements de points de vue d'une projection à l'autre et d'étudier l'incidence de quelques chocs déterminants sur l'économie mondiale en contexte d'équilibre général.$$7Résumé 000001153 540__ $$aCreative Commons Attribution 4.0 International$$uhttps://creativecommons.org/licenses/by/4.0/legalcode$$fCC-BY-4.0 000001153 6531_ $$aBusiness fluctuations and cycles 000001153 6531_ $$aEconomic models 000001153 6531_ $$aInternational topics 000001153 6531_ $$aCycles et fluctuations économiques 000001153 6531_ $$aModèles économiques 000001153 6531_ $$aQuestions internationales 000001153 7001_ $$aBailliu, Jeannine 000001153 7001_ $$aBlagrave, Patrick 000001153 7001_ $$aRossiter, James 000001153 789__ $$w0713-7931$$2ISSN$$eIsPartOf 000001153 789__ $$w1919-689X$$2ISSN$$eIsPartOf 000001153 8301_ $$aTechnical Report 000001153 8301_ $$aRapport technique 000001153 8564_ $$9572020f1-12ab-4e5e-8422-8c39535fb4b8$$s618259$$uhttps://www.oar-rao.bank-banque-canada.ca/record/1153/files/tr99.pdf$$zFile Source: Bank of Canada website, 2024 000001153 909CO $$ooai:www.oar-rao.bank-banque-canada.ca:1153$$pbibliographic 000001153 980__ $$aStaff Research 000001153 980__ $$aRDM 000001153 991__ $$aPublic