The New 'Normal' for Interest Rates in Canada: The Implications of Long-Term Shifts in Global Saving and Investment
7 Pages Posted: 14 Aug 2013
Date Written: May 29, 2013
Abstract
How far and how fast Canada’s record-low interest rates will rise in the coming years is a vital question for consumers and businesses. In "The New 'Normal' for Interest Rates in Canada: The Implications of Long-Term Shifts in Global Saving and Investment," authors Paul Beaudry and Philippe Bergevin find that the normal or "neutral" rate is likely lower than its historical average, and likely will remain at relatively lower levels over the next decade.
Keywords: Monetary Policy, Canada, Interest rates
JEL Classification: E43, E58
Suggested Citation: Suggested Citation
Do you have negative results from your research you’d like to share?
Recommended Papers
-
As Good as it Gets? The International Dimension to Canada's Monetary Policy Strategy Choices
-
Putting Money Back into Monetary Policy: A Monetary Anchor for Price and Financial Stability
-
By Michael D. Bordo, Ali Dib, ...