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 &#...
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| Format: | Žurnal |
| Jezik: | English |
| Izdano: |
Washington, D.C. :
International Monetary Fund,
2015.
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| Serija: | IMF Working Papers; Working Paper ;
No. 2015/135 |
| Online pristup: | Full text available on IMF |