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Updated estimates for the Johannsen-Mertens real-rate trend

posted May 12, 2021, 1:08 PM by Elmar Mertens   [ updated May 12, 2021, 1:28 PM ]



By popular demand, the spreadsheet below provides a set of updated estimates for the real-rate trend based on Johannsen and Mertens (2021, JMCB). The paper and replication codes can be found here

The estimates shown are generated from the baseline version from the paper, using the CBO output gap as business cycle measure, and reflect full-sample information through 2021Q1. (The data were downloaded from FRED on May 11 2021.)

The usual disclaimer applies; none of the estimates or related material necessarily represents the views of the Deutsche Bundesbank, the Eurosystem, the Board of Governors of the Federal Reserve System or the Federal Open Market Committee.
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Elmar Mertens,
May 12, 2021, 1:08 PM
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Elmar Mertens,
May 31, 2021, 10:34 AM
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