twilight21 / evaluating-gdp-forecasts

Evaluating GDP Forecasts

André Binette [email protected]

Dmitri Tchebotarev [email protected]

This repository contains the code required to reproduce the results published in the Bank of Canada Staff Analytics Note No. 21 titled "Evaluating real GDP growth forecasts in the Bank of Canada Monetary Policy Report", available here.

The analytical code is contained in two notebooks:

• forecast_errors_results contains main results from the paper
• forecast_errors_cpi_results contains results calculated from CPI forecasts and presented in Appendix B

In order to run the code, you need a working Jupyter server. It is recommended that you create an Anaconda environment with the supplied environment.yml file to avoid any issues with python package versioning.

Interactive version

For those wishing to experiment, we invite you to clone the workbook for yourself using Microsoft Azure Notebooks. Follow the link below and clone the library to run the notebook interactively. The azure notebook library is generated directly from this repository and contains identical information.