Neiss, Katharine S.; Nelson, Edward - Society for Computational Economics - SCE - 2001
natural real interest rate and real interest rate gap using a dynamic stochastic general equilibrium model. Issues we … forecasting properties of the real interest rate gap for inflation, both in the model and in the data. Our results suggest that … the real interest rate gap has value as an inflation indicator, supporting the 'neo-Wicksellian framework' advocated by …