Money and the natural rate of interest: structural estimates for the United States and the Euro area

By Javier Andrés, J. López-Salido, Edward Nelson, C. Link, Andrew P. Blake, A. Dib, Ricardo Dicecio, C. Erceg, Luca Guerreri, Andy Levin and 5 more. 2007

123 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

Habit Formation in Consumption: A Meta-Analysis (2017, methodology): “Finally, a few studies model habits using a multiplicative rather than an additive specification; for example, Andrés et al. (2009) and Bjornland et al.”
Long Run Evidence on Money Growth and Inflation (2009, unknown): “Following Andres, López-Salido, and Nelson (2009), we add a forward-and backwardlooking specification for the demand for log real balances, which expressed in firstdifference form, becomes µ t = µ y (y t − y t−1 ) + µ R (R t − R t−1 ) + µ 1 µ t−1 + βµ 1 µ t+1|t + βµ 1 (µ t − µ t|t−1 ) + v,t ( 17)”
Measuring the Natural Rate of Interest: International Trends and Determinants (2016, background): “…1For earlier studies on the natural rate of interest in the Euro Area, see Giammariou and Valla (2003), and Mésonnier and Renne (2007). in the natural rate of interest, assuming the longer-run value is constant (Neiss and Nelson 2003, Woodford 2003, Andres et al., 2009, Barsky et al., 2014).”