Where Is R-Star and the End of the Refi Boom: The Top 5 Posts of 2023 - Liberty Street Economics
As we close out the year, we’re taking a look back at the top five Liberty Street Economics posts.| Liberty Street Economics
As we close out the year, we’re taking a look back at the top five Liberty Street Economics posts.| Liberty Street Economics
The debate about the natural rate of interest, or r*, sometimes overlooks the point that there is an entire term structure of r* measures, with short-run estimates capturing current economic conditions and long-run estimates capturing more secular factors. The whole term structure of r* matters for policy: shorter run measures are relevant for gauging how restrictive or expansionary current policy is, while longer run measures are relevant when assessing terminal rates. This two-post series c...| Liberty Street Economics
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The authors present an update of the economic forecasts generated by the New York Fed's dynamic stochastic general equilibrium (DSGE) model.| Liberty Street Economics
