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...
| 1. autor: | |
|---|---|
| Kolejni autorzy: | |
| Format: | Czasopismo |
| Język: | English |
| Wydane: |
Washington, D.C. :
International Monetary Fund,
2012.
|
| Seria: | IMF Working Papers; Working Paper ;
No. 2012/006 |
| Dostęp online: | Full text available on IMF |