Behind The Markets Podcast: Robert Rich & Edward S Knotek II
Behind the Markets Podcast
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Is There a Null Hypothesis That the Real Real Rate Is Still Low?
The ability to monitor hours now is much more challenging than I think it has been. The empirical evidence on this issue is actually quite mixed so there is some work out of the Cleveland Fed looking at the long run relationships between neutral rates and economic growth. It's really tough to discern a robust correlation between growth in the economy and the neutral rate. We just have to be cognizant that the world post pandemic may not go back to where we were pre pandemic.
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