Xin Scott Chen - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T08:18:15+00:00Assessing global potential output growth and the US neutral rate: April 2022
https://www.bankofcanada.ca/2022/04/staff-analytical-note-2022-4/
We expect global potential output growth to increase from 2.7% in 2021 to 2.9% by 2024. Compared with the April 2021 assessment, global potential output growth is marginally slower. The current range for the US neutral rate is 2% to 3%, 0.25 percentage points higher than staff’s last assessment.2022-04-13T14:09:59+00:00enAssessing global potential output growth and the US neutral rate: April 20222022-04-13Assessing global potential output growth and the US neutral rate: April 2021
https://www.bankofcanada.ca/2021/04/staff-analytical-note-2021-5/
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.2021-04-21T10:00:15+00:00enAssessing global potential output growth and the US neutral rate: April 20212021-04-212020 US Neutral Rate Assessment
https://www.bankofcanada.ca/2020/12/staff-discussion-paper-2020-12/
This paper presents Bank of Canada staff’s current assessment of the US neutral rate, along with a newly developed set of models on which that assessment is based. The overall assessment is that the US neutral rate currently lies in a range of 1.75 to 2.75 percent.2020-12-01T13:47:11+00:00en2020 US Neutral Rate Assessment2020-12-01Economic modelsInterest ratesMonetary policyStaff Discussion Paper 2020-12https://www.bankofcanada.ca/wp-content/uploads/2020/12/sdp2020-12.pdf2020 US Neutral Rate AssessmentJames BootsmaThomas J. CarterXin Scott ChenChristopher HajzlerArgyn ToktamyssovDecember 2020EE4E40E43E5E50E52E58FF4F41Assessing Global Potential Output Growth: October 2020
https://www.bankofcanada.ca/2020/11/staff-discussion-paper-2020-10/
This paper presents updated estimates of potential output growth for the global economy through 2022. Global potential output growth is expected to decline sharply in the aftermath of the COVID-19 pandemic and recover partially by the end of the projection horizon of the October 2020 Monetary Policy Report.2020-11-10T13:42:32+00:00enAssessing Global Potential Output Growth: October 20202020-11-10Potential outputProductivityStaff Discussion Paper 2020-10https://www.bankofcanada.ca/wp-content/uploads/2020/11/sdp2020-10.pdfAssessing Global Potential Output Growth: October 2020Xin Scott ChenAli JafferyGuillaume NolinKarim SalhabPeter ShannonSubrata SarkerNovember 2020EE1E10E2E20OO4The Neutral Rate in Canada: 2019 Update
https://www.bankofcanada.ca/2019/04/staff-analytical-note-2019-11/
This note provides an update on Bank of Canada staff’s assessment of the Canadian neutral rate. The neutral rate is the policy rate needed to keep output at its potential level and inflation at target once the effects of any cyclical shocks have dissipated. This medium- to long-run concept serves as a benchmark for gauging the degree of monetary stimulus provided by a given policy setting.2019-04-17T11:12:06+00:00enThe Neutral Rate in Canada: 2019 Update2019-04-17The Neutral Rate in Canada: 2018 Estimates
https://www.bankofcanada.ca/2018/07/staff-analytical-note-2018-22/
The neutral nominal policy rate serves as a benchmark for assessing the degree of monetary stimulus and provides a medium- to long-run anchor for the policy rate. Since quantitative measures of the neutral rate are subject to considerable uncertainty, Bank staff rely on four different approaches to estimate the Canadian neutral rate.2018-07-03T13:05:22+00:00enThe Neutral Rate in Canada: 2018 Estimates2018-07-03