NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Some Evidence on Secular Drivers of U.S. Safe Real Rates

Kurt G. Lunsford, Kenneth D. West

NBER Working Paper No. 25288
Issued in November 2018

---- Acknowledgments ----

We thank Ziqi Chen, Victoria Consolvo, Akio Ino, Konstantinos Papakostas, Elan Segarra and Caitlin Treanor for research assistance. We thank the editor, three anonymous referees, Piti Disyatat, John Fernald, James Hamilton, Oscar Jorda, Fernanda Nechio and John Roberston and participants in the 2017 BOJ-IMES conference, the 2017 Joint Central Bankers’ conference, and the 2018 IAAE Annual conference for data and for helpful advice. The views expressed herein are solely those of the authors and do not necessarily reflect the views of the Federal Reserve Bank of Cleveland or the Federal Reserve System. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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