Search Results
Briefing
The Stars Our Destination: An Update for Our R* Model
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.
Journal Article
Bond Premiums and the Natural Real Rate of Interest
Briefing
Stargazing: Estimating r* in Other Countries
We provide estimates of r* — a central concept in monetary policy — for a set of countries using the same methodology as for the Richmond Fed's own r* estimate for the U.S. We generally find that the estimated r* paths are country specific, but that they behave more similarly to each other than to the U.S., indicating its central role in the international monetary system.