Measuring the Natural Rate of Interest: The Role of Inflation Expectations

David Lopez-Salido, Gerardo Sanz-Maldonado, Carly Schippits and Min Wei

No 2020-06-19, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: The "natural" or equilibrium real rate of interest is an important concept in macroeconomics. On the one hand, the natural (real) rate provides a description of the real interest rate path consistent with the eventual full capacity of utilization of available resources in the context of low and stable inflation.

Date: 2020-06-19
New Economics Papers: this item is included in nep-cba, nep-mac and nep-mon
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://www.federalreserve.gov/econres/notes/feds- ... tations-20200619.htm (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2020-06-19

DOI: 10.17016/2380-7172.2593

Access Statistics for this paper

More papers in FEDS Notes from Board of Governors of the Federal Reserve System (U.S.) Contact information at EDIRC.
Bibliographic data for series maintained by Ryan Wolfslayer ; Keisha Fournillier ().