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 &#...

Deskribapen osoa

Xehetasun bibliografikoak
Egile nagusia: Pescatori, Andrea
Beste egile batzuk: Turunen, Jarkko
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 2015.
Saila:IMF Working Papers; Working Paper ; No. 2015/135
Sarrera elektronikoa:Full text available on IMF