We propose a new approach to estimating the random coefficient logit demand model for differentiated products when the vector of market-product-level shocks is sparse. Assuming sparsity, we establish nonparametric identification of the distribution of random coefficients and demand shocks under...

We consider structural vector autoregressions that are identified through stochastic volatility. Our analysis focuses on whether a particular structural shock can be identified through heteroskedasticity without imposing any sign or exclusion restrictions. Three contributions emerge from our...

This paper discusses the usefulness of risk scenarios-forecasts conditional on specific future paths for economic variables and shocks-for monitoring the Canadian economy. To do so, we use a vector autoregressive (VAR) approach to produce macroeconomic forecasts conditional on four risk...

In September 2025, an assessment was undertaken of the data quality of the public sector debt statistics (PSDS) of Mauritius against the IMF’s Data Quality Assessment Framework (DQAF) for PSDS. The mission was undertaken as part of a project to strengthen the quality of public sector debt in...

In May 2025, an assessment was undertaken of the data quality of the public sector debt statistics (PSDS) of Botswana against the IMF’s Data Quality Assessment Framework (DQAF) for PSDS. The mission was as part of a project to strengthen the quality of public sector debt statistics in selected...

The Theory publication and the companion on the practice of compiling consumer price indices (CPIs) is jointly published by the member agencies of the Inter-Secretariat Working Group on Price Statistics (IWGPS): the Statistical Office of the European Union (Eurostat), the International Labour...

The present 2025 annual report focuses on selected issues that are of relevance and concern to the production of European statistics and have implications for the implementation of the European Statistics Code of Practice (ESCoP) in the European Statistical System (ESS). These issues pertain to...