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Assessing the US and Canadian neutral rates : 2026 update / Felipe Alves, William Beaudoin, Hélène Desgagnés, Wei Dong, Jan David Schneider, Argyn Toktamyssov, Eugene Trostin, Hannes Twieling.FB3-8/2026-21E-PDF

"This paper presents Bank of Canada staff's current assessment of the US and Canadian neutral rates of interest. The neutral rate is where the Bank expects the policy rate would settle once output is at its long-run potential level and inflation is at target, after the effects of all cyclical shocks have dissipated (Mendes 2014). The Bank does not target the neutral rate, but this is an important input for its economic projections. …"--Overview, page 1.

Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.964111&sl=0

Publication information
Department/Agency
  • Bank of Canada, issuing body.
TitleAssessing the US and Canadian neutral rates : 2026 update / Felipe Alves, William Beaudoin, Hélène Desgagnés, Wei Dong, Jan David Schneider, Argyn Toktamyssov, Eugene Trostin, Hannes Twieling.
Series title
  • Staff analytical paper = Document analytique du personnel, 3110-9195 ; 2026-21
Publication typeMonograph - View Master Record
Language[English]
Other language editions[French]
FormatDigital text
Electronic document
Note(s)
  • Issued also in French under title: Évaluation des taux neutres aux États-Unis et au Canada : mise à jour de 2026.
  • "Last updated: May 25, 2026."
  • Includes bibliographical references (page 7).
Publishing information
  • ©2026
  • [Ottawa] : Bank of Canada = Banque du Canada, 2026.
Author / Contributor
  • Alves, Felipe, author.
Description1 online resource (7 pages) : colour illustration.
Catalogue number
  • FB3-8/2026-21E-PDF
Subject terms
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