Construct · 1 fields · 1 citations

natural rate of interest: a standalone construct

One name. One construct. A landmark on the map.

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Macroeconomics

the real short-term interest rate consistent with output at potential and stable inflation.

In macroeconomics, natural rate of interest refers to the real short-term interest rate consistent with output at potential and stable inflation. This meaning comes from Laubach (2003) in Review of Economics and Statistics.[1]

Unit
Recovery means
Measured by

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Nearby constructs

natural3 fields · 7 citationsjingle · one word, three constructs inflation3 fields · 4 citationsjingle · one word, three constructs interest4 fields · 5 citationsjingle · one word, four constructs

References

Laubach, T., & Williams, J. C. (2003). Measuring the Natural Rate of Interest. Review of Economics and Statistics, 85(4), 1063-1070. https://doi.org/10.1162/003465303772815934

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