Falling natural rates impacted by common global factors – Fed paper
Researchers see "no evidence" of downward trend reversing
Researchers at the Federal Reserve have extended a model of the natural rate of interest to a larger group of countries, finding the rate to be falling across advanced economies and driven by common global factors.
Measuring the natural rate of interest, by Kathryn Holston, Thomas Laubach and John Williams, estimates the natural rate, or the interest rate that holds when the economy is in long-run equilibrium, for the US, UK, Canada and the eurozone. In line with other studies, the authors find
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com