ToTEM: The Bank of Canada's New Quarterly Projection Model

By Stephen Murchison, A. Rennison. 2006

184 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/0d2616cbb80e1d3b95b0e82c7c7c62a38a674c50

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

1. Tobias J. Cwik
2. Volker Wieland
3. Gernot J. Müller
4. Sebastian Schmidt
5. Maik H. Wolters
6. Tim Robinson
7. Kenneth N. Kuttner
8. Eric M. Leeper

Citations in the corpus

• DSGE Models and Central Banks (2009, unknown): “See also Murchison and Rennison (2006) for a discussion on why the Bank of Canada opted for calibrating their model.”
• A new comparative approach to macroeconomic modeling and policy analysis (2012, methodology): “CA_ToTEM10 represents the 2010 vintage of ToTEM (Terms-of-Trade Economic Model) which is an open-economy, DSGE model developed by Murchison and Rennison (2006). The Bank of Canada uses this model as a tool for policy analysis and projections for the Canadian economy.”
• Understanding the flattening Phillips curve (2010, methodology): “Variants of the new-Keynesian framework are extensively used in macroeconomic models at central banks worldwide (for example at the Riksbank (Adolfson, Laseen, Linde and Villani 2007) and the Bank of Canada (Murchison and Rennison 2007)).”