Briefing
Stargazing: Estimating r* in Other Countries
Abstract: We provide estimates of r* — a central concept in monetary policy — for a set of countries using the same methodology as for the Richmond Fed's own r* estimate for the U.S. We generally find that the estimated r* paths are country specific, but that they behave more similarly to each other than to the U.S., indicating its central role in the international monetary system.
Keywords: Natural real rate of interest; Canada; Eurozone; United Kingdom;
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https://www.richmondfed.org/publications/research/economic_brief/2024/eb_24-10
Description: Briefing
Bibliographic Information
Provider: Federal Reserve Bank of Richmond
Part of Series: Richmond Fed Economic Brief
Publication Date: 2024-03
Volume: 24
Issue: 10