Institutional Economics

Institutional Economics

Share this post

Institutional Economics
Institutional Economics
The neutral real interest rate doom-loop

The neutral real interest rate doom-loop

Plus, why nominal income targeting is compatible with the existing inflation target

Stephen Kirchner
Jul 26, 2022
∙ Paid
2

Share this post

Institutional Economics
Institutional Economics
The neutral real interest rate doom-loop
1
Share

The minutes of its July meeting showed that the RBA Board had a discussion on the neutral real interest rate. Governor Lowe elaborated on the theme in his speech to the Australian Strategic Business …

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2025 Stephen Kirchner
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share