Lower for Longer : Neutral Rates in the United States /

We use a semi structural model to estimate neutral rates in the United States. Our Bayesian estimation incorporates prior information on the output gap and potential output (based on a production function approach) and accounts for unconventional monetary policies at the ZLB by using estimates of &#...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Pescatori, Andrea
Awduron Eraill: Turunen, Jarkko
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2015.
Cyfres:IMF Working Papers; Working Paper ; No. 2015/135
Mynediad Ar-lein:Full text available on IMF