This paper estimates neutral real interest rate (NRIR) ranges for 10 Latin American countries
that either have full-fledged inflation targeting regimes in place or have recently adopted …

It is often the case that when the stance of monetary policy is discussed in the news,
reference is made to the nominal policy rate and how much the central bank had changed …

Neutral money plays a central role in contemporary macroeconomic theory, and is a live
issue in recent monetary policy discussions. We challenge the opinion that Hayek's writings …

This paper measures the natural interest rate for the Turkish economy as an unobserved
stochastic variable. In doing so, the study adopts a systems approach, based on a …

We estimate unobserved Indian time-varying natural interest rate (NIR), potential output, and
trend growth using the Kalman filter. Semi-structural New Keynesian estimates of aggregate …

Estimation of the actual and projected level of the neutral interest rate is a central issue in
the application of modern monetary theory in the practical context of monetary policy. Views …

Iti this study, an output gap measure is derived for the Turkish economy using an estimated
New Keynesian model. Considering the ongoing structural transformation during the last …

This paper employs the structural threshold approach of Kourtellos et al.(2016) to examine
various specifications of the Taylor rule model. Contrary to the previous work on the Taylor …

Purpose The purpose of this paper is to analyze the conduct of monetary policy in Brazil and
estimate the country's neutral real interest rate. Design/methodology/approach The authors …

This paper focuses on policies to raise growth; underpin fiscal sustainability while
enhancing social safety nets; and strengthen financial sector stability, deepening, and …