Potential output and the neutral rate in Canada: 2022 reassessment

Guyllaume Faucher, Christopher Hajzler, Martin Kuncl, Dmitry Matveev, Youngmin Park and Temel Taskin

No 2022-3, Staff Analytical Notes from Bank of Canada

Abstract: We expect potential output growth to be lower in 2021 than anticipated in the April 2021 assessment. By 2025, growth is expected to reach 2.3%. We assess that the Canadian nominal neutral rate increased slightly to lie in the range of 2.00% to 3.00%.

Keywords: Economic models; Interest rates; Labour markets; Monetary policy; Potential output; Productivity (search for similar items in EconPapers)
JEL-codes: E2 E3 E4 E5 (search for similar items in EconPapers)
Pages: 13 pages
Date: 2022-04
New Economics Papers: this item is included in nep-eff and nep-mac
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Citations: View citations in EconPapers (4)

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