Neutral interest rates in the post-crisis period

Willy Chetwin and Amy Wood
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Amy Wood: Reserve Bank of New Zealand, http://www.rbnz.govt.nz

No AN2013/07, Reserve Bank of New Zealand Analytical Notes series from Reserve Bank of New Zealand

Abstract: Estimates 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.

Pages: 32 p.
Date: 2013-11
New Economics Papers: this item is included in nep-ger and nep-mon
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Persistent link: https://EconPapers.repec.org/RePEc:nzb:nzbans:2013/07

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