Finding the Equilibrium Real Interest Rate in a Fog of Policy Deviations
نویسندگان
چکیده
منابع مشابه
Finding the Equilibrium Real Interest Rate in a Fog of Policy Deviations
A large number of recent papers have endeavored to estimate the current level and trend in the equilibrium real interest rate.Acommonfinding in these studies is that the equilibrium real interest rate has declined in recent years. We show that what appear to be trends in the equilibrium interest rate may instead be trends in other policy variables that affect the economy,and thatmethods used to...
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ژورنال
عنوان ژورنال: Business Economics
سال: 2016
ISSN: 0007-666X,1554-432X
DOI: 10.1057/s11369-016-0001-5