Search Results - subject:"statistical methods"

Cash and COVID-19: What happened in 2021

Chen, Heng; Engert, Walter; Huynh, Kim P.; O'Habib, Daneal - 2022

We provide an update on the impact the COVID-19 pandemic on the demand for cash and the use of methods of payment based on data from the Bank Note Distribution System and from consumer surveys conducted in April and August 2021. Our key findings are as follows: Cash in circulation remained high...

Persistent link: https://www.econbiz.de/10013430326

Bitcoin awareness, ownership and use: 2016-20

Balutel, Daniela; Felt, Marie-Hélène; Nicholls, Gradon; … - 2022

Since 2016, the Bank of Canada has conducted annual surveys to monitor awareness, adoption and usage of Bitcoin and other cryptocurrencies (Henry et al. 2018, 2019a, 2019b). This report incorporates results from the 2019 Bitcoin Omnibus Survey and the November 2020 Cash Alternative Survey. We...

Persistent link: https://www.econbiz.de/10013430328

Nowcasting Canadian GDP with density combinations

Chernis, Tony; Webley, Taylor - 2022

Assessing the state of the economy in real time is critical for policy-making, and understanding the risks to those assessments is equally important. Policy-makers are typically provided with point forecasts that contain insufficient information about risks. In contrast, predictive densities...

Persistent link: https://www.econbiz.de/10013430330

Sectoral uncertainty

Castelnuovo, Efrem; Tuzcuoglu, Kerem; Uzeda, Luis - 2022

We propose a new empirical framework that jointly decomposes the conditional variance of economic time series into a common and a sector-specific uncertainty component. We apply our framework to a large dataset of disaggregated industrial production series for the US economy. Our results...

Persistent link: https://www.econbiz.de/10014304185

Private digital cryptoassets as investment? Bitcoin ownership and use in Canada, 2016-2021

Balutel, Daniela; Engert, Walter; Henry, Christopher; … - 2022

This report studies the dynamics of Bitcoin awareness and ownership from 2016 to 2021, using the Bank of Canada's Bitcoin Omnibus Surveys (BTCOS). In 2021, Canadians' awareness of Bitcoin remained stable at about 90%, while ownership increased to 13% from the 5% observed in 2018-2020. Canadian...

Persistent link: https://www.econbiz.de/10014304191

The use of statistical methods in Croatian enterprises during the early stages of COVID-19

Žmuk, Berislav - In: Naše gospodarstvo / Our Economy 68 (2022) 1, pp. 52-63

The appropriate application of statistical methods in enterprises should have an important role in business decision …-making processes. However, Croatian enterprises still tend to have certain resistance to statistical methods. The new challenges … decisions. In order to investigate the situation and attitudes towards the use of statistical methods, primary research was …

Persistent link: https://www.econbiz.de/10014520618

Cash, COVID-19 and the prospects for a Canadian digital dollar

Engert, Walter; Huynh, Kim P. - 2022

We provide an analysis of cash trends in Canada before and during the COVID-19 pandemic. Focusing on the pandemic period, we explore the implications on demand for, use of and access to cash. We find that cash demand has been strong pre-pandemic and increased sharply during the pandemic. While...

Persistent link: https://www.econbiz.de/10014541742

Calculating effective degrees of freedom for forecast combinations and ensemble models

Younker, James - 2022

Forecast combinations, also known as ensemble models, routinely require practitioners to select a model from a massive number of potential candidates. Ten explanatory variables can be grouped into 21078 forecast combinations, and the number of possibilities increases further to 21078+21078 if we...

Persistent link: https://www.econbiz.de/10014541795

CANVAS: A Canadian behavioral agent-based model

Hommes, Cars H.; He, Mario; Poledna, Sebastian; … - 2022

We develop a Canadian behavioral agent-based model (CANVAS) that utilizes Canadian micro- and macroeconomic data for forecasting and policy analysis. CANVAS represents a next-generation modelling effort, as it improves upon the previous generation of models in three dimensions: introducing...

Persistent link: https://www.econbiz.de/10014544434

Monetary policy, credit constraints and SME employment

Champagne, Julien; Gouin-Bonenfant, Émilien - 2022

Do financial constraints amplify or dampen the transmission of monetary policy to the real economy? To answer this question, we propose a simple empirical strategy that combines (i) firm-level employment and balance sheet data, (ii) identified monetary policy shocks and (iii) survey data on...

Persistent link: https://www.econbiz.de/10014544634