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TERMS TRADE ECONOMIC MODEL [1 record]
Record 1 - internal organization data 2011-12-14
Record 1, English
Record 1, Subject field(s)
- Economic Conditions and Forecasting
- Currency and Foreign Exchange
Record 1, Main entry term, English
- Terms-of-Trade Economic Model
1, record 1, English, Terms%2Dof%2DTrade%20Economic%20Model
correct
Record 1, Abbreviations, English
- ToTEM 2, record 1, English, ToTEM
correct
Record 1, Synonyms, English
Record 1, Textual support, English
Record number: 1, Textual support number: 1 CONT
ToTEM is an open-economy, dynamic stochastic general-equilibrium model that contains producers of four distinct finished products: consumption goods and services, investment goods, government goods, and export goods. ToTEM also contains a commodity-producing sector. The behaviour of almost all key variables in ToTEM is traceable to a set of fundamental assumptions about the underlying structure of the Canadian economy. 3, record 1, English, - Terms%2Dof%2DTrade%20Economic%20Model
Record number: 1, Textual support number: 2 CONT
However, ToTEM extends this basic framework, allowing for optimizing behaviour on the part of households and firms, both in and out of steady state, in a multi-product environment. 3, record 1, English, - Terms%2Dof%2DTrade%20Economic%20Model
Record number: 1, Textual support number: 1 OBS
The Terms-of-Trade Economic Model, or ToTEM, replaced the Quarterly Projection Model (QPM) in December 2005 as the Bank [of Canada's] principal projection and policy-analysis model for the Canadian economy. 4, record 1, English, - Terms%2Dof%2DTrade%20Economic%20Model
Record 1, Key term(s)
- Terms of Trade Economic Model
Record 1, French
Record 1, Domaine(s)
- Prévisions et conjonctures économiques
- Politique monétaire et marché des changes
Record 1, Main entry term, French
- modèle TOTEM
1, record 1, French, mod%C3%A8le%20TOTEM
correct, masculine noun
Record 1, Abbreviations, French
- TOTEM 2, record 1, French, TOTEM
correct, masculine noun
Record 1, Synonyms, French
Record 1, Textual support, French
Record number: 1, Textual support number: 1 CONT
TOTEM est un modèle d'équilibre général dynamique et stochastique adapté à un cadre d'économie ouverte. Il comprend quatre catégories de produits finis :les biens et services finaux, les biens d'équipement, les biens publics et les biensd'exportation. Il compte aussi un volet distinct pour le secteur des produits de base. Le comportement de la quasi-totalité des variables clés de TOTEM a son origine dans un ensemble d'hypothèses fondamentales concernant la structure de l'économie canadienne. 3, record 1, French, - mod%C3%A8le%20TOTEM
Record number: 1, Textual support number: 2 CONT
Cependant, TOTEM va plus loin en permettant de prendre en compte le comportement optimisateur des ménages et des entreprises dans une économie à produits multiples, aussi bien en régime permanent que hors équilibre. 3, record 1, French, - mod%C3%A8le%20TOTEM
Record number: 1, Textual support number: 1 OBS
En décembre 2005, TOTEM (pour Terms-of-Trade Economic Model) a remplacé le Modèle trimestriel de prévision (MTP) à titre de principal modèle utilisé par la Banque du Canada pour l'élaboration de projections au sujet de l'économie canadienne et l'analyse de politiques. 4, record 1, French, - mod%C3%A8le%20TOTEM
Record 1, Spanish
Record 1, Textual support, Spanish
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