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.
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Provider: Federal Reserve Bank of Richmond
Part of Series: Richmond Fed Economic Brief
Publication Date: 2023-09