The Stars Our Destination: An Update for Our R* Model

Thomas Lubik and Christian Matthes

Richmond Fed Economic Brief, 2023, vol. 23, issue 32

Abstract: We report and discuss recent estimates of the natural real rate of interest, denoted r*. We analyze how the current flow of data renders r* estimates less reliable, and we consider some changes in the specification of the long-standing Lubik-Matthes model.

Keywords: Natural real rate of interest; inflation; pandemic; Volatility (search for similar items in EconPapers)
Date: 2023
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