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The neutral rate in Canada: 2020 update

Dmitry Matveev, Julien McDonald-Guimond and Rodrigo Sekkel

No 2020-24, Staff Analytical Notes from Bank of Canada

Abstract: The neutral rate of interest is important for central banks because it helps measure the stance of monetary policy. We present updated estimates of the neutral rate in Canada using the most recent data. We expect the COVID-19 pandemic to significantly affect the fundamental drivers of the Canadian neutral rate.

Keywords: Economic models; Interest rates; Monetary policy (search for similar items in EconPapers)
JEL-codes: E40 E43 E50 E52 E58 F41 (search for similar items in EconPapers)
Date: 2020-10
New Economics Papers: this item is included in nep-cba, nep-isf, nep-mac, nep-mon and nep-ore
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