Staff research

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2 result(s)

Potential output and the neutral rate in Canada: 2022 reassessment

Staff analytical note 2022-3 Guyllaume Faucher, Christopher Hajzler, Martin Kuncl, Dmitry Matveev, Youngmin Park, Temel Taskin
We expect potential output growth to be lower in 2021 than anticipated in the April 2021 assessment. By 2025, growth is expected to reach 2.3%. We assess that the Canadian nominal neutral rate increased slightly to lie in the range of 2.00% to 3.00%.
Content Type(s): Staff research, Staff analytical notes Research Theme(s): Models and tools, Economic models, Monetary policy, Monetary policy framework and transmission, Real economy and forecasting, Structural challenges, Demographics and labour supply

Potential output and the neutral rate in Canada: 2021 update

Staff analytical note 2021-6 Dany Brouillette, Guyllaume Faucher, Martin Kuncl, Austin McWhirter, Youngmin Park
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.
Content Type(s): Staff research, Staff analytical notes JEL Code(s): E, E2, E23, E24, E3, E37, E4, E43, E5, E52 Research Theme(s): Monetary policy, Monetary policy framework and transmission, Real economy and forecasting
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