THE REAL-INTEREST-RATE GAP AS AN INFLATION INDICATOR

By Katharine S. Neiss, Edward Nelson. Macroeconomic Dynamics, 2003

269 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/ff059e3a10238363de40a09b98649611ec3a3722

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Citations in the corpus

Money in an Estimated Business Cycle Model of the Euro Area (2006, unknown): “(27%).17 Instead, our estimates are closer to the simulations performed by Neiss and Nelson (2001)”
Has U.S. Monetary Policy Tracked the Efficient Interest Rate (2014, unknown): “The corresponding equilibrium represents a “parallel universe,” 100 which evolves independently from the outcomes observed in the actual economy (Neiss and Nelson, 2003).”
An estimated dynamic stochastic general equilibrium model of the euro area. NBB Working Paper Nr. 35 (2002, unknown): “See also the discussion in Neiss and Nelson (2001) and Gali (2000). to the ve preference and technology shocks.”
Monetary Policy and Stagflation in the UK (2004, unknown): “The simulations in Neiss and Nelson (2001) suggest that this kind of New Keynesian model typically produces a strong negative correlation between the output gap and detrended output.”
Monetary Theory and Policy, 2nd Edition (2003, methodology): “Neiss and Nelson (2001) used a structural model to estimate the real interest rate gap r̂t ~rt and found that it has value as a predictor of inflation.”
Natural rate measures in an estimated DSGE model of the U.S. economy (2008, unknown): “This definition is standard in the new-Keynesian and related DSGE literature (Woodford [2003], Neiss and Nelson [2003]). For comparison purposes, we also consider a measure of potential output and the output gap based on the FRB/US model, which takes a more traditional view of potential output as a ”
Estimating Equilibrium Real Interest Rates in Real-Time (2005, methodology): “Other authors, such as Neiss and Nelson (2003), have constructed so–called natural rates of interest, which correspond to the rate of interest that would prevail in a flexible–price economy.”
The Natural Real Interest Rate and the Output Gap in the Euro Area: A Joint Estimation (2005, methodology): “This group of papers, which includes Giammarioli and Valla (2003), Mésonnier and Renne (2004), Neiss and Nelson (2003), Sevilliano and Simon (2004) and LW, associate the fluctuations in the natural real interest rate with the evolution of real fundamentals such as determinants of trend GDP growth…”