Financial and Monetary Systems

The natural interest rate: Time to introduce a long-term risky rate?

Since both the natural rate and the output gap are unobservable, they have to be inferred from observables. Image: REUTERS/Nicky Loh

Alex Cukierman

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Financial and Monetary Systems

Image: Curdia (2015)
Image: Laubach and Williams (2015)

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Financial and Monetary SystemsBanking and Capital Markets

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