An Estimate of the Long-Term Neutral Rate of Interest
Posted: 17 Sep 2018 Last revised: 14 Dec 2020
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: 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
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