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Potential output and the neutral rate in Canada: 2021 update

Dany Brouillette, Guyllaume Faucher, Martin Kuncl, Austin McWhirter and Youngmin Park

No 2021-6, Staff Analytical Notes from Bank of Canada

Abstract: We expect potential output growth to be higher than in the October 2020 reassessment. By 2024, growth will be slightly above its average growth from 2010 to 2019. We assess that the Canadian nominal neutral rate continues to lie in the range of 1.75 to 2.75 percent.

Keywords: Economic models; Interest rates; Labour markets; Monetary policy; Potential output; Productivity (search for similar items in EconPapers)
JEL-codes: E2 E23 E24 E3 E37 E4 E43 E5 E52 (search for similar items in EconPapers)
Date: 2021-04
New Economics Papers: this item is included in nep-mac
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