Cuaresma, Jesús Crespo; Gnan, Ernest - In: Journal of Post Keynesian Economics 29 (2007) 4, pp. 667-688
The natural rate of interest has become popular again both in academic and monetary policy circles. But which concept are we actually talking about? This paper argues that there are manyâtheoretical and empiricalâuncertainties that limit the application of the natural rate in practical...