Zarazúa Juárez, Carlos Alberto - In: Latin American journal of central banking : LAJCB 4 (2023) 3, pp. 1-25
In this paper, we develop a structural model to estimate the current level of the natural rate for a small open economy … local economy, linked by the uncovered interest rate parity condition. With this structure, the natural rate is affected by … the natural interest rate for two example cases, Mexico and Canada, considering data from these economies and the United …