Examining the Differences in r* Estimates

Paul Ho and Thomas Lubik

Richmond Fed Economic Brief, 2024, vol. 24, issue 36

Abstract: With inflation declining over the course of the year and the Federal Open Market Committee (FOMC) seemingly in the process of normalizing policy, a key question is: What is the natural real rate of interest (denoted r*)? In this article, we will shed light on what r* means, what models are used to estimate it and what the benefits and drawbacks are for these models.

Keywords: r star; economic growth; monetary policy (search for similar items in EconPapers)
Date: 2024
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