The Expected Real Interest Rate in the Long Run: Time Series Evidence with the Effective Lower Bound

Benjamin K. Johannsen and Elmar Mertens
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Benjamin K. Johannsen: https://www.federalreserve.gov/econres/benjamin-k-johannsen.htm

No 2016-02-09, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: In response to the global financial crisis, the Federal Open Market Committee lowered the target for the federal funds rate to a range of 0 to 25 basis points in December 2008, and maintained that target range until the end of 2015. Over that same period, longer-term interest rates in the United States were at historically low levels.

Date: 2016-02-09
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2016-02-09

DOI: 10.17016/2380-7172.1703

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