Neutral interest rates in the post-crisis period
AbstractEstimates of neutral interest rates play a useful role in thinking about monetary policy. This note explores the concept of a neutral interest rate and provides some simple empirical illustrations of the trend decline in neutral rates, here and abroad, over the last couple of decades.
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Bibliographic InfoPaper provided by Reserve Bank of New Zealand in its series Reserve Bank of New Zealand Analytical Notes series with number AN2013/07.
Length: 32 p.
Date of creation: Nov 2013
Date of revision:
This paper has been announced in the following NEP Reports:
- NEP-ALL-2014-04-11 (All new papers)
- NEP-GER-2014-04-11 (German Papers)
- NEP-MON-2014-04-11 (Monetary Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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