Discussion Paper
Longer-Run Neutral Rates in Major Advanced Economies
Abstract: With major central banks in the process of tightening monetary policy aggressively, an important question is how far policy rates will rise and where they will settle in the longer run. One reference point often used to evaluate this question is the longer-run neutral policy rate—the policy rate consistent with economic activity at its longer-run potential and inflation at its target.
https://doi.org/10.17016/2380-7172.3220
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Bibliographic Information
Provider: Board of Governors of the Federal Reserve System (U.S.)
Part of Series: FEDS Notes
Publication Date: 2022-12-01
Number: 2022-12-01