The Stars Our Destination: An Update for Our R* Model

Abstract: We report and discuss recent estimates of the natural real rate of interest, denoted r*. We analyze how the current flow of data renders r* estimates less reliable, and we consider some changes in the specification of the long-standing Lubik-Matthes model.

Keywords: Natural real rate of interest; inflation; pandemic; Volatility;

Access Documents

File(s): File format is text/html
Description: Briefing


Bibliographic Information

Provider: Federal Reserve Bank of Richmond

Part of Series: Richmond Fed Economic Brief

Publication Date: 2023-09

Volume: 23

Issue: 32