Manuel González-Astudillo, Jean-Philippe Laforte | We estimate the natural rate of interest (r*) using a semi-structural model of the U.S. economy that jointly characterizes the trend and cyclical factors of…
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Thursday, October 8, 2020
FEDS 2020-085: Estimates of r* Consistent with a Supply-Side Structure and a Monetary Policy Rule for the U.S. Economy
Manuel González-Astudillo, Jean-Philippe Laforte | We estimate the natural rate of interest (r*) using a semi-structural model of the U.S. economy that jointly characterizes the trend and cyclical factors of…
Read More
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