The information content of the neutral rate of interest - The case of Poland

被引：7
作者：
Michal Brzoza-Brzezina [1 ]
机构：
[1] Warsaw Sch Econ, Warsaw, Poland
来源：
ECONOMICS OF TRANSITION | 2006年 / 14卷 / 02期
关键词：
neutral rate of interest; natural rate of interest; Poland; SVAR;
D O I：
10.1111/j.1468-0351.2006.00255.x
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The concept of the neutral rate of interest has recently received much attention from economists. In this paper, we estimate the neutral rate of interest in Poland. We show how it can yield important information for a central banker. In particular, estimation of the neutral rate can be helpful for monetary authorities seeking to stabilize inflation after a long process of disinflation. We also suggest possible explanations for the relatively high level of the neutral rate in Poland.
引用
收藏
页码：391 / 412
页数：22
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