Assessing the US and Canadian neutral rates: 2024 update

Frida Adjalala, Felipe Alves, Hélène Desgagnés, Wei Dong, Dmitry Matveev and Laure Simon

No 2024-9, Staff Analytical Notes from Bank of Canada

Abstract: We assess both the US and Canadian nominal neutral rates to be in the range of 2.25% to 3.25%, somewhat higher than the range of 2.0% to 3.0% in 2023. The assessed range is back to the level it was at in April 2019.

Keywords: Economic models; Interest rates; Monetary policy (search for similar items in EconPapers)
JEL-codes: E4 E40 E43 E5 E50 E52 E58 F4 F41 (search for similar items in EconPapers)
Date: 2024-04
New Economics Papers: this item is included in nep-ban, nep-cba and nep-mon
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