A Neutral Real Interest Rate in the Case of a Small Open Economy: Application to Ukraine
This paper measures a neutral interest rate in Ukraine by means of applying a Kalman filter to a semistructural model with unobserved components. We rely on a medium-term concept of a neutral interest rate, where it is defined as a real interest rate consistent with output at its potential level and...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
National Bank of Ukraine
2018-03-01
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| Series: | Visnyk of the National Bank of Ukraine |
| Subjects: | |
| Online Access: | https://journal.bank.gov.ua/en/article/2018/243/01 |