An Estimate of the Long-Term Neutral Rate of Interest

Posted: 17 Sep 2018 Last revised: 14 Dec 2020

See all articles by John M. Roberts

John M. Roberts

Board of Governors of the Federal Reserve System

Date Written: 2018-09-05

Abstract

This note proposes a new measure of the high-frequency equilibrium interest rate, one that falls naturally out of a common textbook notion of the economy's equilibrium interest rate--and which is rooted in one particularly simple and well-known model.

Suggested Citation

Roberts, John M., An Estimate of the Long-Term Neutral Rate of Interest (2018-09-05). FEDS Notes No. 2018-09-05, Available at SSRN: https://ssrn.com/abstract=3246530 or http://dx.doi.org/10.17016/2380-7172.2227

John M. Roberts (Contact Author)

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States
202-452-2946 (Phone)

Do you have negative results from your research you’d like to share?

Paper statistics

Abstract Views
369
PlumX Metrics