Gazing at r*: A Hysteresis Perspective
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Note: Paper presented at the RBA's annual conference 'The Causes, Challenges and Consequences of the Low Interest Rate Environment', Sydney, 28–29 June 2022.
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More about this item
Keywords
real interest rates; wealth-to-income ratio; saving rates; inter-temporal substitution; retirement motives; C-shaped long-run asset demand; inflation; general equilibrium;All these keywords.
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CBA-2023-01-16 (Central Banking)
- NEP-FDG-2023-01-16 (Financial Development and Growth)
- NEP-MON-2023-01-16 (Monetary Economics)
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