Published October 7, 2022
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Journal article
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Neutral Percentage Rate: Analysis and Evaluation for the Russian Economy
Authors/Creators
- 1. Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA)
- 2. Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Department of Economics
Description
The neutral interest rate is one of the basic components of a large number of macroeconomic and, in particular, monetary models. Central banks take estimates of the level of neutral interest rate into account when conducting monetary policy to determine its degree of rigidity / softness.