Amato, Jeffrey D. - In: CESifo economic studies : CESifo, a joint initiative of … 51 (2005) 4, pp. 729-755
This paper examines the role of the natural rate of interest in the conduct of monetary policy. The natural rate figures prominently in many theories of the business cycle and of inflation fluctuations, and therefore has the potential to play a key role in monetary policy given the current...
