History and context
Results
All (3)
All (3) ((3 results))
- 1. Purchasing Power Parities and Real Expenditures, United States and Canada - An Update to 1998 ArchivedStats in brief: 13-604-M1999036Description:
Recent economic trends, including expanding globalization of trade (as evidenced by new trade agreements), volatility in market exchange rates, and greater interest in international comparisons of real income and productivity are generating increased interest in intercountry comparisons. These comparisons are made in real terms derived from purchasing power parities (PPPs). In Canada, a particularly important relationship with the United States focusses attention on US/Canada comparative price and volume measures. This article includes updated annual bilateral volume indexes of real gross domestic product (GDP) per capita and its components for the United States, compared with Canada, and the associated PPPs.
Release date: 1999-11-30 - 2. Core Inflation: A Weighted Median Index ArchivedArticles and reports: 62F0014M1998007Geography: CanadaDescription:
Over the years, the concept of core inflation has become of crucial importance for the central banks of various countries. Indeed, many of them have at some point given themselves the mandate to reduce inflation and achieve price stability. The Bank of Canada undertook this mandate in February 1991.
Core inflation should reflect what is basic in price movements and ignore temporary fluctuations that have no long-term impact on prices. The phenomenon of core inflation must be of a lasting nature. The targets were initially set on the basis of the overall consumer price index (CPI). However, the Bank of Canada has stated that for practical reasons, it will focus on the consumer price index excluding the volatile food and energy components.
The question that many are asking is the following: is a measure such as the CPI excluding food and energy a good indicator of core inflation? At the meeting of the 1996 Price Measurement Advisory Committee, a review of the literature on core inflation was presented. The Committee recommended taking a closer look at a weighted median index as a means of estimating core inflation. This study deals with the question of a weighted median index and covers the period of January 1985 to January 1997. The rates of change in the weighted median index calculated from monthly movements are quite often lower than the rates of change in the official index. This behaviour reflects the usual distribution of monthly price movements for the CPI, meaning a large proportion of the monthly movements are close to zero, and the remaining price movements are, in majority, positive. Because of this behaviour of monthly movements, the weighted median index advances much more slowly than the official index. This behaviour is just as evident when inflation advances at annual rates of 4% to 5% as when it ranges around 2%. An index based on the weighted median of monthly movements in the CPI yields somewhat disconcerting results. Even though some think that the official CPI does not clearly reflect the concept of core inflation, one does not necessarily expect to see such a large gap develop over time.
Release date: 1999-10-05 - Articles and reports: 12-001-X19980024347Description:
We review the current status of various aspects of the design and analysis of studies where the same units are investigated at several points in time. These studies include longitudinal surveys, and longitudinal analyses of retrospective studies and of administrative or census data. The major focus is the special problems posed by the longitudinal nature of the study. We discuss four of the major components of longitudinal studies in general; namely, Design, Implementation, Evaluation and Analysis. Each of these components requires special considerations when planning a longitudinal study. Some issues relating to the longitudinal nature of the studies are: concepts and definitions, frames, sampling, data collection, nonresponse treatment, imputation, estimation, data validation, data analysis and dissemination. Assuming familiarity with the basic requirements for conducting a cross-sectional survey, we highlight the issues and problems that become apparent for many longitudinal studies.
Release date: 1999-01-14
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Analysis (3)
Analysis (3) ((3 results))
- 1. Purchasing Power Parities and Real Expenditures, United States and Canada - An Update to 1998 ArchivedStats in brief: 13-604-M1999036Description:
Recent economic trends, including expanding globalization of trade (as evidenced by new trade agreements), volatility in market exchange rates, and greater interest in international comparisons of real income and productivity are generating increased interest in intercountry comparisons. These comparisons are made in real terms derived from purchasing power parities (PPPs). In Canada, a particularly important relationship with the United States focusses attention on US/Canada comparative price and volume measures. This article includes updated annual bilateral volume indexes of real gross domestic product (GDP) per capita and its components for the United States, compared with Canada, and the associated PPPs.
Release date: 1999-11-30 - 2. Core Inflation: A Weighted Median Index ArchivedArticles and reports: 62F0014M1998007Geography: CanadaDescription:
Over the years, the concept of core inflation has become of crucial importance for the central banks of various countries. Indeed, many of them have at some point given themselves the mandate to reduce inflation and achieve price stability. The Bank of Canada undertook this mandate in February 1991.
Core inflation should reflect what is basic in price movements and ignore temporary fluctuations that have no long-term impact on prices. The phenomenon of core inflation must be of a lasting nature. The targets were initially set on the basis of the overall consumer price index (CPI). However, the Bank of Canada has stated that for practical reasons, it will focus on the consumer price index excluding the volatile food and energy components.
The question that many are asking is the following: is a measure such as the CPI excluding food and energy a good indicator of core inflation? At the meeting of the 1996 Price Measurement Advisory Committee, a review of the literature on core inflation was presented. The Committee recommended taking a closer look at a weighted median index as a means of estimating core inflation. This study deals with the question of a weighted median index and covers the period of January 1985 to January 1997. The rates of change in the weighted median index calculated from monthly movements are quite often lower than the rates of change in the official index. This behaviour reflects the usual distribution of monthly price movements for the CPI, meaning a large proportion of the monthly movements are close to zero, and the remaining price movements are, in majority, positive. Because of this behaviour of monthly movements, the weighted median index advances much more slowly than the official index. This behaviour is just as evident when inflation advances at annual rates of 4% to 5% as when it ranges around 2%. An index based on the weighted median of monthly movements in the CPI yields somewhat disconcerting results. Even though some think that the official CPI does not clearly reflect the concept of core inflation, one does not necessarily expect to see such a large gap develop over time.
Release date: 1999-10-05 - Articles and reports: 12-001-X19980024347Description:
We review the current status of various aspects of the design and analysis of studies where the same units are investigated at several points in time. These studies include longitudinal surveys, and longitudinal analyses of retrospective studies and of administrative or census data. The major focus is the special problems posed by the longitudinal nature of the study. We discuss four of the major components of longitudinal studies in general; namely, Design, Implementation, Evaluation and Analysis. Each of these components requires special considerations when planning a longitudinal study. Some issues relating to the longitudinal nature of the studies are: concepts and definitions, frames, sampling, data collection, nonresponse treatment, imputation, estimation, data validation, data analysis and dissemination. Assuming familiarity with the basic requirements for conducting a cross-sectional survey, we highlight the issues and problems that become apparent for many longitudinal studies.
Release date: 1999-01-14
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