Published on Friday, August 25, 2017

U.S. | Natural Interest rate: uncertainties and policy implications

Summary

Structural factors explain the secular decline in the natural interest rate. Although the natural interest rate will edge up, it will remain below historical average. Monetary policy normalization will be achieved with a low federal funds rate

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Authors

Kan Chen
Nathaniel Karp

Documents and files


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Report (PDF)

170823_US_NaturalInterestRate

English - August 25, 2017

Report (PDF)

170825_US_NaturalInterestRate_esp

Spanish - August 25, 2017

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