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Assessing global potential output growth and the US neutral rate: April 2021

Thomas Carter (), Xin Scott Chen, Ali Jaffery, Christopher Hajzler (), Jonathan Lachaine, Peter Shannon, Subrata Sarker (), Graeme Westwood and Beiling Yan ()

No 2021-5, Staff Analytical Notes from Bank of Canada

Abstract: We expect global potential output growth to rise to 3 percent by 2022. Relative to the last assessment in October 2020, potential output growth has been revised up across all the regions. The range of the US neutral rate remains unchanged relative to the autumn 2020 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)
Date: 2021-04
New Economics Papers: this item is included in nep-eff and nep-mac
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