Stargazing: Estimating r* in Other Countries

Thomas Lubik, Brennan Merone and Nathan Robino

Richmond Fed Economic Brief, 2024, vol. 24, issue 10

Abstract: We provide estimates of r* — a central concept in monetary policy — for a set of countries using the same methodology as for the Richmond Fed's own r* estimate for the U.S. We generally find that the estimated r* paths are country specific, but that they behave more similarly to each other than to the U.S., indicating its central role in the international monetary system.

Keywords: Natural real rate of interest; Canada; Eurozone; United Kingdom (search for similar items in EconPapers)
Date: 2024
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