CSPAN3 Politics And Public Policy Today October 30, 2015
Consultations. One of the things we quickly mentioned, theres problems looking at measures of real Interest Rates to try to figure out whats going on in the long run. We have the same concept of ken. Whats the and rate going to be in five to seven years. There are persistent deviations from potential output during these periods. You see these periods of very low Interest Rates. It reflects cyclical or medium term inflationary dynamics and not really longer term view on real Interest Rates. What we did is we thought we need to think about this. We need to look at output, Interest Rates, and you...
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