Alternative scenario to the October 2017 MPR base-case projection : higher potential growth / Jing Yang, Ben Tomlin and Olivier Gervais.: FB3-7/2017-18E-PDF
"We construct an alternative scenario in which trend labour input and business investment are stronger than that expected in the Bank of Canada’s base-case projection in the October 2017 Monetary Policy Report. We find that while the size and timing of these effects are highly uncertain, the level of potential and real output could be almost 1 per cent higher than expected by the end of 2020. The resulting effect on the output gap and inflation is small and therefore does not affect the stance of monetary policy"--Abstract, p. 3.
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| Department/Agency | Bank of Canada. |
|---|---|
| Title | Alternative scenario to the October 2017 MPR base-case projection : higher potential growth / Jing Yang, Ben Tomlin and Olivier Gervais. |
| Series title | Staff analytical note = Note analytique du personnel, 2369-9639 ; 2017-18 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Electronic |
| Electronic document | |
| Note(s) | Cover title. Includes bibliographical references. Includes abstract in French. |
| Publishing information | [Ottawa] : Bank of Canada, c2017. |
| Author / Contributor | Yang, Jing,1970- Tomlin, Ben. Gervais, Olivier. |
| Description | iii, 7 p. : col. charts |
| Catalogue number |
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| Subject terms | Inflation Prices Monetary policy |