Neutral Real Interest Rates in Inflation Targeting Emerging and Developing Economies (English)

With close to 30 emerging market and developing economies (EMDEs) using inflation targeting to determine monetary policy, and many of them for over 15 years, it is possible to create a meaningful measure of neutral real interest rates in these economies. The neutral real interest rate provides policymakers with a benchmark for the interest rate at which economic activity reaches its full potential and inflation will stabilize. The deviation of policy...
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Citation

Ruch,Franz Ulrich.

Neutral Real Interest Rates in Inflation Targeting Emerging and Developing Economies (English). Policy Research working paper|no. WPS 9711 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/893151624478783247

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