Murchison, Stephen; Rennison, Andrew - Bank of Canada - 2006
Quarterly Projection Model (QPM) in December 2005 as the Bank's principal projection and policy-analysis model for the Canadian …. In addition, ToTEM's multiple-goods approach enables the Bank to gain insight into a much wider variety of shocks …, it should be regarded as the next step in the evolution of openeconomy macro modelling at the Bank. Indeed, ToTEM adopts …