How Do Demographics Influence r*?

Paul Ho

Richmond Fed Economic Brief, 2024, vol. 24, issue 18

Abstract: Demographic trends are evolving in the U.S. as well as globally, potentially affecting the behavior of interest rates. This includes the natural rate of interest, denoted r*. Through the lens of a simple model, we describe supply and demand channels through which these demographic trends may affect r* and show a range of estimates for the potential quantitative impact.

Keywords: nterest rates; natural rate of interest; r*; demographics (search for similar items in EconPapers)
Date: 2024
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