Great importance has been attached to the fall of r *, which is the currently preferred term for what used to be called the natural interest rate. My conviction is that this decrease is not due to structural factors of the real economy, but rather to an artefact of the means of estimating r *, […]
The post Falling r * is no accident appeared first on USNewsRank.
Discover more from USNewsRank
Subscribe to get the latest posts sent to your email.