Federal Reserve Bank of San Francisco: 'Monetary Policy and The Medium-Run Natural Rate'
October 29, 2025
October 29, 2025
SAN FRANCISCO, California, Oct. 29 (TNSLrpt) -- The Federal Reserve Bank of San Francisco issued the following white paper (No. 2025-24) on October 16, 2025, by Vasco Curdia entitled "Monetary Policy and The Medium-Run Natural Rate."
Here are excerpts:
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The natural rate of interest is an elusive concept in theory and practice. However, it is essential for central banks' calibration of the policy rate. Model consistent measures are often . . .
Here are excerpts:
* * *
The natural rate of interest is an elusive concept in theory and practice. However, it is essential for central banks' calibration of the policy rate. Model consistent measures are often . . .