Delivery throughout New Zealand for just NZ$12 

Ship to
New Zealand
0

My Account

  • argentina
  • chile
  • colombia
  • españa
  • méxico
  • perú
  • estados unidos
  • internacional

menu

Select your country

Americas

Europe

Rest of the world

portada Finance and Economics Discussion Series: Measuring the Natural Rate of Interest
Type
Physical Book
Author
Publisher
Language
English
Pages
30
Format
Paperback
Dimensions
24.6 x 18.9 x 0.2 cm
Weight
0.07 kg.
ISBN13
9781288716050
Categories

Finance and Economics Discussion Series: Measuring the Natural Rate of Interest

John C. Williams (Author) · United States Federal Reserve Board (Author) · Thomas Laubach (Author) · Bibliogov · Paperback

Finance and Economics Discussion Series: Measuring the Natural Rate of Interest - United States Federal Reserve Board ; Laubach, Thomas ; Williams, John C.

New Book Imported to New Zealand *
Delivery: 17 Mar - 27 Mar Shipping: 15 to 22 business days.
NZ$ 59.34
* Import costs and 15% GST included in the price ✅
NZ$ 59.34
Delivery to any New Zealand address between Tuesday, March 17 and Friday, March 27
Origin: U.S.A. Import costs included in the price ✅
Delivery to any New Zealand address between Tuesday, March 17 and Friday, March 27.

Choose the list to add your product or create one New List

Go to My Wishlists
Calculate shipping cost

Synopsis "Finance and Economics Discussion Series: Measuring the Natural Rate of Interest"

A key variable for the conduct of monetary policy is the natural rate of interest -- the real interest rate consistent with output equaling potential and stable inflation. Economic theory implies that the natural rate of interest varies over time and depends on the trend growth rate of output. In this paper we apply the Kalman filter to jointly estimate the natural rate of interest, potential output, and the trend growth rate, and examine the empirical relationship between these estimated unobserved series. We find substantial variation in the natural rate of interest over the past four decades in the United States. Our natural rate estimates vary about one-for-one with changes in the trend growth rate. We show that policymakers' mismeasurement of the natural rate of interest can cause a significant deterioration in macroeconomic stabilization.

Customers reviews

More customer reviews
  • 0% (0)
  • 0% (0)
  • 0% (0)
  • 0% (0)
  • 0% (0)

Frequently Asked Questions about the Book

Is the book original?

All books in our catalog are Original.

In what language is the book written?

The book is written in English.

What is the format of this book?

The binding of this edition is Paperback.

Questions and Answers about the Book

Do you have a question about the book? Login to be able to add your own question.

Opinions about Bookdelivery

More customer reviews