Secular Drivers of the Natural Rate of Interest in the United States : A Quantitative Evaluation /
We develop a heterogeneous agent, overlapping generations model with nonhomothetic preferences that nests several explanations for the decline in the natural rate of interest (r*) suggested in the literature: demographic change, a slowdown in productivity growth, a rise in income inequality, and pub...
| Главный автор: | |
|---|---|
| Другие авторы: | |
| Формат: | Журнал |
| Язык: | English |
| Опубликовано: |
Washington, D.C. :
International Monetary Fund,
2022.
|
| Серии: | IMF Working Papers; Working Paper ;
No. 2022/030 |
| Предметы: | |
| Online-ссылка: | Full text available on IMF |