Perspectives on Productivity and Potential Output Growth: A Summary of the Joint Banque de France/Bank of Canada Workshop, 24-25 April 2006

Gilbert Cette () and Don Coletti
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Don Coletti: Bank of Canada, http://www.bankofcanada.ca/

Bank of Canada Review, 2006-2007, vol. 2006-2007, issue Winter, pages 37-43

Abstract: A nation's productivity is the prime determinant of its real incomes and standard of living, as well as being a major determinant of its potential output. In the short run, deviations of actual output from potential output are a useful indicator of inflationary pressures. This article is a short summary of the proceedings of the workshop, which focus on productivity and potential output growth among industrialized countries. The research is organized under three main themes: estimating potential growth; productivity and growth; and institutions, policies, and growth.

Date: 2006

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