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Examining the Differences in r* Estimates, No. 24-36

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Examining the Differences in r* Estimates, No. 24-36

DATE: November 2024

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With inflation declining over the course of the year and the Federal Open Market Committee (FOMC) seemingly in the process of normalizing policy, a key question is: What is the natural real rate of interest (denoted r*)? In this article, we will shed light on what r* means, what models are used to estimate it and what the benefits and drawbacks are for these models.

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Federal Reserve Bank of Richmond. "Examining the Differences in r* Estimates, No. 24-36" in Economic Brief (November 2024). https://fraser.stlouisfed.org/title/6034/item/679893, accessed on November 30, 2024.

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