Add to ORKGA central bank that uses the interest rate as monetary policy instrument requires an estimation of the neutral real interest rate (NRIR) that allows it to define the monetary policy stance to achieve its inflation target. This paper estimates the NRIR from actual values of the Monetary Policy Rate (TPM) for Costa Rica for the first time. This rate was established by the Central Bank of Costa Rica as its instrument for monetary control on June 2011. On the basis of monthly data from 2002-2015 and combining estimates from several methodologies, we estimate the neutral real interest rate for Costa Rica to be around 1,4%
Estimation of the actual and projected level of the neutral interest rate is a central issue in the ...
In this working paper we present a measure of trade partner’s inflation which can serve as a benchma...
AbstractThis paper proposes an empirical method to estimate the value of the neutral interest rate i...
The topic for this paper is the so called neutral real interest rate. This is frequently defined as ...
ABSTRACT. Three methodologies to estimate the natural interest rate, NIR, are imple-mented for the C...
Recently, there has been a renewed interest in using the neutral interest rate for monetary policy. ...
The dynamics of loan interest rates has a growing importance in the gradual implementation of the in...
The neutral real rate of interest (r*) is a key variable for assessing the tightness of monetary pol...
Three methodologies to estimate the natural interest rate, NIR, are implemented for the Colombian ec...
The necessary adjustments to prominent measures of the neutral rate of interest following the COVID ...
The level of real interest rates actually observed does not necessarily coincide with its natural le...
In this working paper we present a measure of trade partner’s inflation which can serve as a benchma...
Following the approach of Mésonnier and Renne (2007), we estimate a Natural Interest Rate (NIR) usin...
This paper evaluates several indicators of external vulnerability and estimates the equilibrium real...
The real equilibrium interest rate (r*) is a fundamental concept for monetary policy in inflation ta...
Estimation of the actual and projected level of the neutral interest rate is a central issue in the ...
In this working paper we present a measure of trade partner’s inflation which can serve as a benchma...
AbstractThis paper proposes an empirical method to estimate the value of the neutral interest rate i...
The topic for this paper is the so called neutral real interest rate. This is frequently defined as ...
ABSTRACT. Three methodologies to estimate the natural interest rate, NIR, are imple-mented for the C...
Recently, there has been a renewed interest in using the neutral interest rate for monetary policy. ...
The dynamics of loan interest rates has a growing importance in the gradual implementation of the in...
The neutral real rate of interest (r*) is a key variable for assessing the tightness of monetary pol...
Three methodologies to estimate the natural interest rate, NIR, are implemented for the Colombian ec...
The necessary adjustments to prominent measures of the neutral rate of interest following the COVID ...
The level of real interest rates actually observed does not necessarily coincide with its natural le...
In this working paper we present a measure of trade partner’s inflation which can serve as a benchma...
Following the approach of Mésonnier and Renne (2007), we estimate a Natural Interest Rate (NIR) usin...
This paper evaluates several indicators of external vulnerability and estimates the equilibrium real...
The real equilibrium interest rate (r*) is a fundamental concept for monetary policy in inflation ta...
Estimation of the actual and projected level of the neutral interest rate is a central issue in the ...
In this working paper we present a measure of trade partner’s inflation which can serve as a benchma...
AbstractThis paper proposes an empirical method to estimate the value of the neutral interest rate i...