Macroeconometric modelling is carried out mainly through the Monetary Model of Canada (MMS) and Satellite Model of Canada (SMS), in addition to supporting spreadsheet models.

This approach resonates with our pluralistic approach to economic surveillance and forecasting.

Monetary Model of Canada (MMS)

The Monetary Model of Canada (MMS) is IHCC’ flagship model. It is a macro computable general equilibrium model that is essentially derived from microeconomic optimisation principles, and is used to analyse policy effects dynamically at both the economy and industry levels.

Satellite Model of Canada (SMS)

The Satellite Model of Canada (SMS) is a macro-econometric model used alongside our flagship model. The SMS is developed based on modern theoretical foundations that lie midway between Dynamic Stochastic General Equilibrium (DSGE) models and reduced-form econometric models