TY  - BOOK
AU  - Bootsma,James
ED  - Bank of Canada,
TI  - 2020 US neutral rate assessment
T2  - Bank of Canada staff discussion paper,
U1  - 332.80973 23
PY  - 2020///
CY  - Ottawa, Ontario, Canada
PB  - Bank of Canada = Banque du Canada
KW  - Interest rates
KW  - United States
KW  - Econometric models
KW  - Taux d'intérêt
KW  - États-Unis
KW  - Modèles économétriques
KW  - Debt
KW  - iptcnc
KW  - Economic growth
KW  - Economic inequality
KW  - Economics
KW  - Economy
KW  - Finance
KW  - Government debt
KW  - Labour economics
KW  - Macroeconomics
KW  - Neoclassical economics
KW  - Electronic books
N1  - 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; Electronic monograph in PDF format
N2  - '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
UR  - 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
UR  - http://publications.gc.ca/collections/collection_2020/banque-bank-canada/FB3-6-2020-12-eng.pdf
UR  - http://www.deslibris.ca/ID/10105569
UR  - http://api.deslibris.ca/api/cover/getcover?id=10105569&thumbnail=false
UR  - http://api.deslibris.ca/api/cover/getcover?id=10105569&thumbnail=true
ER  -