Finance and Economics Discussion Series: Measuring the Natural Rate of Interest by John C. Williams, Thomas Laubach

Finance and Economics Discussion Series: Measuring the Natural Rate of Interest

John C. Williams, Thomas Laubach

30 pages missing pub info (editions)

nonfiction politics
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A key variable for the conduct of monetary policy is the natural rate of interest -- the real interest rate consistent with output equaling potential and stable inflation. Economic theory implies that the natural rate of interest varies over time ...

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