Global Natural Rates in the Long Run: Postwar Macro Trends and the Market-Implied r* in 10 Advanced Economies
收藏NBER2023-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w31787
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资源简介：
Benchmark finance and macroeconomic models appear to deliver conflicting estimates of the natural rate and bond risk premia. This natural rate puzzle applies not only in the U.S. but across many advanced economies. We use a unified no-arbitrage macro- finance model with two trend factors to estimate
提供机构：
美国国家经济研究局
创建时间：
2023-10-01
