July 03, 2024 at 12:05PM
The value of R-Star is always highly uncertain
But the case for a sizable increase has yet to meet two important tests
Recent data reinforce the continuation of pre-pandemic trends in global demographics and productivity growth
One should not overly rely on estimates of R-Star in determining appropriate monetary policy setting at a given point in time
This article was written by Justin Low at www.forexlive.com.
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