Browsing Norges Banks publikasjonsserier / Norges Bank publication series by Subject "natural rate of interest"
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Estimating the Natural Rates in a Simple New Keynesian Framework
(Working Papers;10/2007, Working paper, 2007)The time-varying natural rate of interest and output and the implied medium term inflation target for the US economy are estimated over the period 1983-2005. The estimation is conducted within the New-Keynesian framework ... -
Structural Factors, Unemployment and Monetary Policy: The Useful Role of the Natural Rate of Interest
(Working Papers;17/2016, Working paper, 2016)We study the role of monetary policy in response to variations in unemployment due to structural factors, modeled as exogenous changes in matching efficiency and in the size of the labor force. We find that monetary policy ...