04111cam a22006977i 4500 on1226321130 OCoLC 20260501113148.0 m o d f cr cn||||||||| 201209t20202020onc obs f000 0 eng NLC eng rda NLC NLC CELBN 20200414321 can (OCoLC)1226321130 eng eng fre lac n-us--- y2y2 332.80973 23 cci1icc lacc FB3-6/2020-12E-PDF NLCC Bootsma, James, author. 2020 US neutral rate assessment / by James Bootsma [and four others]. Ottawa, Ontario, Canada : Bank of Canada = Banque du Canada, 2020. ©2020 1 online resource (ii, 9 pages). text txt rdacontent computer c rdamedia online resource cr rdacarrier Bank of Canada staff discussion paper, 1914-0568 ; 2020-12 Distributed by the Government of Canada Publishing and Depository Services Program (Weekly acquisitions list 2020-49). "Last updated: December 1, 2020." Includes bibliographical references. Unrestricted online access. Unrestricted online access. star CaOONL Electronic monograph in PDF format. Includes abstracts in English and French. '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. This represents a decline of 50 basis points relative to the range judged at the time of the Bank's last neutral rate update in April 2019. Roughly half of this decline reflects an assessment of conditions prevailing in late 2019 and is thus unrelated to the COVID-19 pandemic. The other half reflects the balance of several key channels through which the COVID-19 shock is likely to influence US interest rates over the years ahead, including its impacts on potential output growth, inequality, demand for safe assets and the level of US government debt. Results from the new models specifically point to upward pressure from higher government debt being more than offset by downward pressure from lower potential output growth, higher inequality and heightened demand for safe assets'--Abstract, page ii. Interest rates United States Econometric models. Taux d'intérêt États-Unis Modèles économétriques. Debt. iptcnc Economic growth. iptcnc Economic inequality. iptcnc Economics. iptcnc Economy. iptcnc Finance. iptcnc Government debt. iptcnc Labour economics. iptcnc Macroeconomics. iptcnc Neoclassical economics. iptcnc Electronic books. Bank of Canada, issuing body. Staff discussion paper (Bank of Canada) ; 2020-12 Bibliothèque et Archives Canada / Library and Archives Canada https://epe.lac-bac.gc.ca/100/201/301/weekly_acquisitions_list-ef/2020/20-49/publications.gc.ca/collections/collection_2020/banque-bank-canada/FB3-6-2020-12-eng.pdf Government of Canada Publications / Publications du gouvernement du Canada http://publications.gc.ca/collections/collection_2020/banque-bank-canada/FB3-6-2020-12-eng.pdf http://www.deslibris.ca/ID/10105569 For Subscription see www.canadianelectroniclibrary.ca desLibris e-book: http://api.deslibris.ca/api/cover/getcover?id=10105569&thumbnail=false Medium cover image: http://api.deslibris.ca/api/cover/getcover?id=10105569&thumbnail=true Thumbnail cover image: Canadian Electronic Library CELB 10105569 C0 NLC 38613 38613