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In Summers's scenario, the negative equilibrium rate would mean chronically slow growth.
It is worth remembering that in the Fed's previous two tightening cycles, the equilibrium rate was 6.5% and 5.25%, respectively.
In February the bank estimated the medium-term "equilibrium" rate of unemployment to be about 5.5%.
Politicians will try to drive up the natural or equilibrium rate of employment.
They find at best a weak relationship between economic growth and the equilibrium rate.
To maintain economic stability, interest rates would have to go up too and the pound appreciate to a level above the notional long-run equilibrium rate.
Similar(7)
This paper estimates equilibrium rates of macroeconomic aggregates for small open economies.
Different equilibrium rates were observed for the enantiomers of the complex in a time-dependent dialysis experiment.
Realizations of the observed macroeconomic aggregates are explained in terms of unobserved equilibrium rates and unobserved transitory components.
As such, the equilibrium rates of reciprocation within betrayal-averse groups are expected to increase over time.
The occurrence of deleterious alleles with observable phenotypic effects is not only an essential component for the interpretation of mutation-selection equilibrium rates in biological finite populations, but also for gene and gene function discovery.
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