Estevão, Marcello M.; Tsounta, Evridiki - International Monetary Fund (IMF) - 2010
This study investigates the impact of the current financial crisis on Canada's potential GDP growth. Using a simple … accounting framework to decompose trend GDP growth into changes in capital, labor services and total factor productivity, we find …-term unemployment rate (which would raise equilibrium unemployment rates). However, over the medium term, we expect Canada's potential …