Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/155339
Authors: 
König, Philipp Johann
Chervyakov, Dmitry
Year of Publication: 
2017
Series/Report no.: 
DIW Roundup: Politik im Fokus 108
Abstract: 
The term natural (or neutral) real interest rate refers to the equilibrium value of the real interest rate. As this equilibrium is usually conceived as a situation where inflationary or deflationary pressures have abated, the natural real interest rate is a key concept for central banks seeking to stabilize the general price level or targeting the rate of inflation. The present roundup provides a brief historical review of this concept and explains the relevance of the natural real rate for monetary policy analysis.
Document Type: 
Research Report

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