Neely, Christopher J. (contributor); … - 2008
, 1982, 1983), neoclassical growth
model (Cass, 1965; Koopmans, 1965), models of central bank policy (Taylor, 1993), and …
economic and financial models for the long-run behavior of the real interest rate. This informs
our discussion of the …) and (2) that suggest sources of a unit root in real interest rates. Specifically, the
Cass (1965) and Koopmans (1965 …