Working Paper

The Neutral Rate and the Summary of Economic Projections

Abstract: This note uses information provided in the quarterly Summary of Economic Projections (SEP) of FOMC meeting participants to extract estimates of the neutral federal funds rate--defined as the value of the federal funds rate that is "neither expansionary nor contractionary if the economy were operating near its potential"--in the short and longer run.

Access Documents


Bibliographic Information

Provider: Board of Governors of the Federal Reserve System (U.S.)

Part of Series: FEDS Notes

Publication Date: 2016-11-28

Number: 2016-11-28