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Author:Bongard, Michelle 

Discussion Paper
The Neutral Rate and the Summary of Economic Projections

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.
FEDS Notes , Paper 2016-11-28

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