Discussion Paper
An Estimate of the Long-Term Neutral Rate of Interest
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.
https://doi.org/10.17016/2380-7172.2227
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Bibliographic Information
Provider: Board of Governors of the Federal Reserve System (U.S.)
Part of Series: FEDS Notes
Publication Date: 2018-09-05
Number: 2018-09-05