@article{Estimates:645,
      recid = {645},
      author = {Kozicki, Sharon},
      title = {Monthly Estimates of Canadian GDP and its Price Deflator},
      publisher = {Bank of Canada},
      address = {1989},
      pages = {1 online resource (37 pages)},
      abstract = {Statistics Canada publishes a monthly series for real  domestic product at factor cost and quarterly series for  real domestic product at market price and the associated  implicit deflator. There are no official data for a monthly  deflator or for real gross domestic product at market  prices. Researchers often rely on proxies or interpolated  values in their empirical work. Milbourne, Guay, Otto and  Smith (1988) applied the Chow and Lin (1971) technique to  produce a monthly seasonally unadjusted series for these  variables. This paper uses the same technique to produce  seasonally adjusted estimates of monthly real GDP at market  price and the corresponding deflator. An important part of  the methodology is the imposition of consistency between  the monthly and quarterly values. With respect to the  deflator, the method chosen by Milbourne et al. to impose  this consistency is shown to produce unbelievable erratic  movements in the monthly estimates. An alternative method  is suggested and the price deflator generated using this  approach tends to be much less choppy, and therefore more  credible, as a measure of monthly price changes.},
      url = {http://www.oar-rao.bank-banque-canada.ca/record/645},
      doi = {https://doi.org/10.34989/swp-1989-2},
}