@article{Developments:4246,
      recid = {4246},
      author = {Robertson, Heather and McDougall, Michael},
      title = {Economic Projections and Econometric Modelling: Recent  Developments at the Bank of Canada},
      publisher = {Bank of Canada},
      address = {1981},
      pages = {1 online resource (ii, 20 pages)},
      abstract = {This Technical Report describes some new techniques for  making economic projections that have been suggested for  use by the staff of the Bank of Canada. The procedures  enable the staff to combine information from a newly  developed econometric model of the Canadian economy with  judgmental input from various sectoral specialists, an  approach which recognizes the fact that an econometric  model cannot fully reflect the variety of changing  influences affecting the Canadian economy at any given  time. The Bank of Canada's new model, RDXF, and its  associated computer software have been jointly designed to  facilitate the timely provision of a range of alternative  projections conditional on explicit assumptions about  policy and other exogenous variables. The main aspects of  the model and the software are summarized in the earlier  parts of this report. The structure and dynamics of RDXF  will be analyzed in more detail in Bank of Canada Technical  Reports 25 and 26 soon to be forthcoming. This report  concludes with a description of the administrative  procedures followed in the course of making economic  projections and highlights the contributions made by the  various sectoral specialists and the Bank's  projection-coordination group.},
      url = {http://www.oar-rao.bank-banque-canada.ca/record/4246},
      doi = {https://doi.org/10.34989/tr-24},
}