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1 posts on "Alberto Queralto"
May 24, 2023

Measuring the Financial Stability Real Interest Rate, r**

Ozge Akinci, Gianluca Benigno, Marco Del Negro, Ethan Nourbash, and Albert Queralto

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Comparing our financial stability real interest rate, r** (“r-double-star”) with the prevailing real interest rate gives a measure of how vulnerable the economy is to financial instability. In this post, we first explain how r** can be measured, and then discuss its evolution over the last fifty years and how to interpret the recent banking turmoil within this framework.

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Posted at 7:00 am in Bank Capital, Banks, Crisis, Financial Markets, Monetary Policy | Permalink | Comments (2)

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