Money As Indicator for the Natural Rate of Interest /

The natural interest rate is of great relevance to central banks, but it is difficult to measure. We show that in a standard microfounded monetary model, the natural interest rate co-moves with a transformation of the money demand that can be computed from actual data. The co-movement is of a consid...

תיאור מלא

מידע ביבליוגרפי
מחבר ראשי: Berger, Helge
מחברים אחרים: Weber, Henning
פורמט: כתב-עת
שפה:English
יצא לאור: Washington, D.C. : International Monetary Fund, 2012.
סדרה:IMF Working Papers; Working Paper ; No. 2012/006
גישה מקוונת:Full text available on IMF