Humala, Alberto; Rodríguez, Gabriel - Departamento de Economía, Pontificia Universidad … - 2011
Following the approach of MÈsonnier and Renne (2007), we estimate a Natural Rate of Interest (NRI) using quarterly Peruvian data for the period 1996:3-2008:3. The model has six equations and it is estimated using the Kalman Ölter with output gap and NRI as unobservable variables. Estimation...