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Author:Sanz-Maldonado, Gerardo 

Discussion Paper
Measuring the Natural Rate of Interest: The Role of Inflation Expectations

The "natural" or equilibrium real rate of interest is an important concept in macroeconomics. On the one hand, the natural (real) rate provides a description of the real interest rate path consistent with the eventual full capacity of utilization of available resources in the context of low and stable inflation.
FEDS Notes , Paper 2020-06-19

Discussion Paper
The Information in Interest Coverage Ratios of the US Nonfinancial Corporate Sector

Using firm-level data, we find significant variability in interest coverage ratios--across firms and economic sectors and across time--that suggests that critical ICR levels depend on firm- or sector-specific economic conditions.
FEDS Notes , Paper 2019-01-10

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Lopez-Salido, J. David 1 items

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