The New "Normal" for Interest Rates in Canada: The Implications of Long-Term Shifts in Global Saving and Investment

Paul Beaudry and Philippe Bergevin
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Philippe Bergevin: C.D. Howe Institute

No 156, e-briefs from C.D. Howe Institute

Abstract: How far and how fast Canada’s record-low interest rates will rise in the coming years is a vital question for consumers and businesses. In “The New “Normal” for Interest Rates in Canada: The Implications of Long-Term Shifts in Global Saving and Investment,” authors Paul Beaudry and Philippe Bergevin find that the normal or “neutral” rate is likely lower than its historical average, and likely will remain at relatively lower levels over the next decade.

Keywords: Monetary; Policy (search for similar items in EconPapers)
JEL-codes: E43 E58 (search for similar items in EconPapers)
Date: 2013-05
New Economics Papers: this item is included in nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Published on the C.D. Howe Institute website, May 2013

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