Bitros, Georgios (George) C.; Vidali, Mara E. - 2023
emerged, perhaps because the bias of monetary policy at those times was away from the zero bound and the real interest rate … showing that the real interest rate is determined by real investment, real money supply, the velocity of circulation, and the … aforementioned determinants, holding all the rest fixed, we find that the real interest rate returns to the long-run equilibrium …