Artículo de revista ; Este artículo analiza el concepto de tipo de interés natural y su papel en la conducción de la política monetaria. Las estimaciones del tipo de interés natural lo sitúan en niveles históricamente bajos, incluso negativos. Se discuten posibles factores explicativos...

Artículo de revista ; This article defines the natural interest rate, analysing the concept and its role in monetary policy conduct. Estimates of the natural interest rate place it at historically low and even negative levels. Demographics and growth, but also the recent financial crisis with...

This article defines the natural interest rate, analysing the concept and its role in monetary policy conduct. Estimates of the natural interest rate place it at historically low and even negative levels. Demographics and growth, but also the recent financial crisis with weak aggregate demand,...