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Browsing Working Papers CREI (Centre de Recerca en Economia Internacional) by Subject "Steady-state real interest rate"

Browsing Working Papers CREI (Centre de Recerca en Economia Internacional) by Subject "Steady-state real interest rate"

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  • Andrade, Philippe; Galí, Jordi, 1961-; Le Bihan, Hervé; Matheron, Julien (2019-10-07)
    We study how changes in the steady-state real interest rate (henceforth, r*) affect the optimal inflation target in a New Keynesian DSGE model with trend inflation and a lower bound on the nominal interest rate. In this ...

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