In Global Perspectives on Investment Management: Learning from the Leaders, 221, edited by R.N. Sullivan and J.J. Diermeier. Charlottesville, VA: CFA Institute. 2  BIS Review 36/2007  information and analysis, and helps to guard against policy errors that could result from relying on a single economic model.
The models we use range from single-equation indicator models to multiequation reduced-form models to dynamic stochastic general-equilibrium models, such as our newest model of the Canadian economy, ToTEM. 4 The second strategy we use to reduce uncertainty is to bring together a variety of information and indicators before we make an interest rate decision.