Assessing global potential output growth and the US neutral rate: April 2022

Kyle Boutilier, Thomas Carter, Xin Scott Chen, Eshini Ekanayake, Louis Poirier, Peter Shannon, Akash Uppal and Lin Xiang

No 2022-4, Staff Analytical Notes from Bank of Canada

Abstract: We expect global potential output growth to increase from 2.7% in 2021 to 2.9% by 2024. Compared with the April 2021 assessment, global potential output growth is marginally slower. The current range for the US neutral rate is 2% to 3%, 0.25 percentage points higher than staff’s last assessment.

Keywords: Interest rates; Monetary policy; Potential output; Productivity (search for similar items in EconPapers)
JEL-codes: E1 E2 E4 E5 F0 O4 (search for similar items in EconPapers)
Pages: 12 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 (3)

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