{"indicator":"bis.policy_rate","country":"CAN","original_value":2.25,"new_value":2.475,"delta_pct":10.0,"direct_effects":[{"indicator":"oecd.gdp_growth_q_yoy","current_value":1.1279,"new_value":null,"delta_pct":null,"lag_months":12,"strength":0.495,"direction":"negative"},{"indicator":"un.gdp_per_capita_growth","current_value":0.9,"new_value":null,"delta_pct":null,"lag_months":12,"strength":0.475,"direction":"negative"},{"indicator":"imf.gdp_growth_forecast","current_value":1.8,"new_value":null,"delta_pct":null,"lag_months":12,"strength":0.446,"direction":"negative"},{"indicator":"imf.gdp_growth_rate","current_value":1.8,"new_value":null,"delta_pct":null,"lag_months":12,"strength":0.446,"direction":"negative"},{"indicator":"imf.gdp_growth","current_value":1.7899,"new_value":null,"delta_pct":null,"lag_months":12,"strength":0.446,"direction":"negative"},{"indicator":"oecd.youth_unemployment_rate","current_value":13.0,"new_value":null,"delta_pct":null,"lag_months":12,"strength":0.437,"direction":"positive"},{"indicator":"eurostat.ppi_industry","current_value":0.0,"new_value":null,"delta_pct":null,"lag_months":12,"strength":0.425,"direction":"negative"},{"indicator":"eurostat.hicp_transport","current_value":0.0,"new_value":null,"delta_pct":null,"lag_months":12,"strength":0.425,"direction":"negative"},{"indicator":"eurostat.youth_unemployment_rate","current_value":0.0,"new_value":null,"delta_pct":null,"lag_months":24,"strength":0.415,"direction":"positive"},{"indicator":"eurostat.unemployment_rate","current_value":0.0,"new_value":null,"delta_pct":null,"lag_months":24,"strength":0.415,"direction":"positive"},{"indicator":"imf.gdp_per_capita_ppp","current_value":83005.493,"new_value":null,"delta_pct":null,"lag_months":12,"strength":0.41,"direction":"negative"},{"indicator":"fred.unemployment_rate_harmonised","current_value":6.4,"new_value":null,"delta_pct":null,"lag_months":12,"strength":0.403,"direction":"positive"},{"indicator":"wb.trade_pct_gdp","current_value":63.5105,"new_value":null,"delta_pct":null,"lag_months":12,"strength":0.397,"direction":"negative"},{"indicator":"oecd.unemployment_rate","current_value":6.5,"new_value":null,"delta_pct":null,"lag_months":12,"strength":0.378,"direction":"positive"},{"indicator":"oecd.industrial_production_yoy","current_value":1.234,"new_value":null,"delta_pct":null,"lag_months":12,"strength":0.356,"direction":"negative"},{"indicator":"oecd.business_confidence","current_value":99.5608,"new_value":null,"delta_pct":null,"lag_months":12,"strength":0.343,"direction":"negative"},{"indicator":"eurostat.hicp_energy","current_value":0.0,"new_value":null,"delta_pct":null,"lag_months":24,"strength":0.337,"direction":"negative"},{"indicator":"wb.youth_unemployment","current_value":13.8,"new_value":null,"delta_pct":null,"lag_months":24,"strength":0.324,"direction":"positive"},{"indicator":"imf.budget_balance_pct_gdp","current_value":-1.7,"new_value":null,"delta_pct":null,"lag_months":12,"strength":0.32,"direction":"negative"},{"indicator":"eurostat.industrial_production_idx","current_value":0.0,"new_value":null,"delta_pct":null,"lag_months":12,"strength":0.311,"direction":"negative"},{"indicator":"wb.unemployment_rate","current_value":6.907,"new_value":null,"delta_pct":null,"lag_months":24,"strength":0.3,"direction":"positive"},{"indicator":"wb.real_interest_rate","current_value":0.1256,"new_value":null,"delta_pct":null,"lag_months":12,"strength":0.291,"direction":"positive"},{"indicator":"wb.cpi_yoy_monthly","current_value":2.3153,"new_value":null,"delta_pct":null,"lag_months":24,"strength":0.279,"direction":"negative"},{"indicator":"oecd.cpi_yoy","current_value":3.034,"new_value":null,"delta_pct":null,"lag_months":24,"strength":0.27,"direction":"negative"},{"indicator":"eurostat.hicp_education","current_value":0.0,"new_value":null,"delta_pct":null,"lag_months":12,"strength":0.266,"direction":"positive"},{"indicator":"imf.unemployment_rate","current_value":6.0,"new_value":null,"delta_pct":null,"lag_months":24,"strength":0.259,"direction":"positive"},{"indicator":"eurostat.hicp_all","current_value":0.0,"new_value":null,"delta_pct":null,"lag_months":24,"strength":0.255,"direction":"negative"},{"indicator":"eurostat.hicp_annual_rate","current_value":0.0,"new_value":null,"delta_pct":null,"lag_months":24,"strength":0.255,"direction":"negative"},{"indicator":"imf.inflation_rate","current_value":2.0,"new_value":null,"delta_pct":null,"lag_months":24,"strength":0.251,"direction":"negative"},{"indicator":"wb.inflation_cpi","current_value":2.0723,"new_value":null,"delta_pct":null,"lag_months":24,"strength":0.25,"direction":"negative"},{"indicator":"imf.govt_debt_pct_gdp","current_value":107.0,"new_value":null,"delta_pct":null,"lag_months":24,"strength":0.248,"direction":"positive"},{"indicator":"imf.govt_debt_pct_gdp_forecast","current_value":107.0,"new_value":null,"delta_pct":null,"lag_months":24,"strength":0.248,"direction":"positive"},{"indicator":"imf.unemployment_forecast","current_value":6.0045,"new_value":null,"delta_pct":null,"lag_months":24,"strength":0.248,"direction":"positive"},{"indicator":"imf.govt_debt_forecast","current_value":106.9841,"new_value":null,"delta_pct":null,"lag_months":24,"strength":0.247,"direction":"positive"},{"indicator":"imf.inflation_forecast","current_value":1.9682,"new_value":null,"delta_pct":null,"lag_months":24,"strength":0.232,"direction":"negative"},{"indicator":"bis.credit_to_gdp_gap","current_value":-15.2652,"new_value":null,"delta_pct":null,"lag_months":12,"strength":0.232,"direction":"positive"},{"indicator":"eurostat.hicp_furnishings","current_value":0.0,"new_value":null,"delta_pct":null,"lag_months":24,"strength":0.224,"direction":"negative"},{"indicator":"wb.trade_balance_usd","current_value":-19620119427.0373,"new_value":null,"delta_pct":null,"lag_months":12,"strength":0.207,"direction":"positive"},{"indicator":"ilo.weekly_hours_worked","current_value":34.8,"new_value":null,"delta_pct":null,"lag_months":24,"strength":0.206,"direction":"negative"},{"indicator":"eurostat.hicp_non_energy_industrial","current_value":0.0,"new_value":null,"delta_pct":null,"lag_months":24,"strength":0.206,"direction":"negative"},{"indicator":"oecd.food_cpi_yoy","current_value":2.766,"new_value":null,"delta_pct":null,"lag_months":24,"strength":0.199,"direction":"negative"},{"indicator":"oecd.core_cpi_yoy","current_value":1.8956,"new_value":null,"delta_pct":null,"lag_months":24,"strength":0.197,"direction":"negative"},{"indicator":"ilo.labor_force_participation","current_value":64.516,"new_value":null,"delta_pct":null,"lag_months":24,"strength":0.193,"direction":"negative"},{"indicator":"oecd.cpi_index","current_value":134.1585,"new_value":null,"delta_pct":null,"lag_months":24,"strength":0.183,"direction":"negative"},{"indicator":"ilo.total_employment","current_value":21028.647,"new_value":null,"delta_pct":null,"lag_months":24,"strength":0.176,"direction":"negative"},{"indicator":"eurostat.hicp_clothing","current_value":0.0,"new_value":null,"delta_pct":null,"lag_months":24,"strength":0.175,"direction":"negative"},{"indicator":"wb.hightech_exports_pct","current_value":16.137,"new_value":null,"delta_pct":null,"lag_months":12,"strength":0.171,"direction":"positive"},{"indicator":"eurostat.hicp_housing","current_value":0.0,"new_value":null,"delta_pct":null,"lag_months":24,"strength":0.17,"direction":"negative"},{"indicator":"ilo.mean_monthly_earnings","current_value":5761.948,"new_value":null,"delta_pct":null,"lag_months":12,"strength":0.167,"direction":"positive"},{"indicator":"eurostat.hicp_health","current_value":0.0,"new_value":null,"delta_pct":null,"lag_months":12,"strength":0.164,"direction":"positive"},{"indicator":"oecd.avg_annual_wages","current_value":67900.601,"new_value":null,"delta_pct":null,"lag_months":24,"strength":0.152,"direction":"positive"},{"indicator":"oecd.retail_sales_yoy","current_value":1.8563,"new_value":null,"delta_pct":null,"lag_months":12,"strength":0.143,"direction":"negative"},{"indicator":"wb.gdp_per_capita","current_value":55697.664,"new_value":null,"delta_pct":null,"lag_months":12,"strength":0.141,"direction":"negative"},{"indicator":"wb.fdi_pct_gdp","current_value":3.0232,"new_value":null,"delta_pct":null,"lag_months":12,"strength":0.141,"direction":"negative"},{"indicator":"imf.gdp_nominal_forecast","current_value":3134.116,"new_value":null,"delta_pct":null,"lag_months":12,"strength":0.135,"direction":"negative"},{"indicator":"imf.gdp_nominal_usd","current_value":3134.116,"new_value":null,"delta_pct":null,"lag_months":12,"strength":0.135,"direction":"negative"},{"indicator":"imf.gdp_per_capita_forecast","current_value":73695.925,"new_value":null,"delta_pct":null,"lag_months":12,"strength":0.135,"direction":"negative"},{"indicator":"imf.gdp_per_capita_usd","current_value":73695.925,"new_value":null,"delta_pct":null,"lag_months":12,"strength":0.135,"direction":"negative"},{"indicator":"bis.residential_property_price","current_value":201.8646,"new_value":null,"delta_pct":null,"lag_months":12,"strength":0.128,"direction":"negative"},{"indicator":"wb.rd_spending_gdp","current_value":1.7908,"new_value":null,"delta_pct":null,"lag_months":12,"strength":0.127,"direction":"positive"},{"indicator":"un.renewable_energy_share","current_value":23.53,"new_value":null,"delta_pct":null,"lag_months":12,"strength":0.119,"direction":"positive"},{"indicator":"eurostat.hicp_food","current_value":0.0,"new_value":null,"delta_pct":null,"lag_months":24,"strength":0.111,"direction":"negative"},{"indicator":"eurostat.hicp_alcohol_tobacco","current_value":0.0,"new_value":null,"delta_pct":null,"lag_months":12,"strength":0.104,"direction":"positive"},{"indicator":"eurostat.hicp_food_nonalc","current_value":0.0,"new_value":null,"delta_pct":null,"lag_months":24,"strength":0.104,"direction":"negative"},{"indicator":"fred.bond_10y","current_value":3.8825,"new_value":null,"delta_pct":null,"lag_months":24,"strength":0.076,"direction":"positive"},{"indicator":"eurostat.hicp_services","current_value":0.0,"new_value":null,"delta_pct":null,"lag_months":12,"strength":0.056,"direction":"positive"},{"indicator":"eurostat.hicp_recreation","current_value":0.0,"new_value":null,"delta_pct":null,"lag_months":24,"strength":0.041,"direction":"negative"},{"indicator":"fred.house_price_index_real","current_value":140.4085,"new_value":null,"delta_pct":null,"lag_months":12,"strength":0.014,"direction":"negative"},{"indicator":"oecd.consumer_confidence","current_value":97.0539,"new_value":null,"delta_pct":null,"lag_months":24,"strength":0.012,"direction":"positive"}],"second_order":[{"indicator":"eurostat.hicp_food_nonalc","via":"oecd.gdp_growth_q_yoy","delta_pct":null,"lag_months":24,"strength":0.364,"direction":"negative"},{"indicator":"eurostat.hicp_food","via":"oecd.gdp_growth_q_yoy","delta_pct":null,"lag_months":24,"strength":0.348,"direction":"negative"},{"indicator":"eurostat.hicp_services","via":"oecd.gdp_growth_q_yoy","delta_pct":null,"lag_months":24,"strength":0.344,"direction":"negative"},{"indicator":"eurostat.hicp_food_nonalc","via":"un.gdp_per_capita_growth","delta_pct":null,"lag_months":24,"strength":0.378,"direction":"negative"},{"indicator":"eurostat.hicp_services","via":"un.gdp_per_capita_growth","delta_pct":null,"lag_months":24,"strength":0.377,"direction":"negative"},{"indicator":"eurostat.hicp_misc","via":"un.gdp_per_capita_growth","delta_pct":null,"lag_months":24,"strength":0.335,"direction":"negative"},{"indicator":"eurostat.hicp_food_nonalc","via":"imf.gdp_growth_forecast","delta_pct":null,"lag_months":24,"strength":0.285,"direction":"negative"},{"indicator":"eurostat.hicp_services","via":"imf.gdp_growth_forecast","delta_pct":null,"lag_months":24,"strength":0.282,"direction":"negative"},{"indicator":"eurostat.hicp_food","via":"imf.gdp_growth_forecast","delta_pct":null,"lag_months":24,"strength":0.277,"direction":"negative"},{"indicator":"eurostat.hicp_food_nonalc","via":"imf.gdp_growth_rate","delta_pct":null,"lag_months":24,"strength":0.285,"direction":"negative"},{"indicator":"eurostat.hicp_services","via":"imf.gdp_growth_rate","delta_pct":null,"lag_months":24,"strength":0.282,"direction":"negative"},{"indicator":"eurostat.hicp_food","via":"imf.gdp_growth_rate","delta_pct":null,"lag_months":24,"strength":0.277,"direction":"negative"},{"indicator":"oecd.food_cpi_yoy","via":"imf.gdp_growth","delta_pct":null,"lag_months":24,"strength":0.246,"direction":"negative"},{"indicator":"oecd.core_cpi_yoy","via":"imf.gdp_growth","delta_pct":null,"lag_months":24,"strength":0.227,"direction":"negative"},{"indicator":"oecd.retail_sales_yoy","via":"imf.gdp_growth","delta_pct":null,"lag_months":24,"strength":0.174,"direction":"positive"}],"total_affected":84,"effects_quantified":false,"effects_basis":"historical association: direction, delay and strength of the link; no size of effect"}