Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/297077 
Erscheinungsjahr: 
2023
Schriftenreihe/Nr.: 
Bank of Canada Staff Discussion Paper No. 2023-8
Verlag: 
Bank of Canada, Ottawa
Zusammenfassung: 
We generate high-frequency and up-to-date indicators to monitor news media coverage of supply (raw, intermediate and final goods) and labour shortages in Canada. We use natural language processing to construct two news-based indicators and time-varying topic narratives to track Canadian media coverage of these shortages from 2000 to 2022. This makes our indicators an insightful alternative monitoring tool for policy. Notably, our indicators track well with monthly price indexes and measures from the Bank of Canada's Business Outlook Survey, and they are highly correlated with commonly tracked indicators of supply constraint. Moreover, the news-based indicators reflect the attention of the public on pressing issues.
Schlagwörter: 
Coronavirus disease (COVID-19)
Econometrics and statistical methods
Monetary policy and uncertainty
Recent economic and financial developments
JEL: 
C55
C82
E37
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper
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