Treating the real interest rate as a control variable reveals that it is determined by the future utility discount rate and multifactor productivity expectations, leading to higher wages with increased expectations, consistent with the Ramsey model.
Title resolution pending
1 Pith paper cite this work. Polarity classification is still indexing.
1
Pith paper citing it
fields
econ.GN 1years
2026 1verdicts
UNVERDICTED 1representative citing papers
citing papers explorer
-
The Real Interest Rate as a Control Variable in the Open Economy
Treating the real interest rate as a control variable reveals that it is determined by the future utility discount rate and multifactor productivity expectations, leading to higher wages with increased expectations, consistent with the Ramsey model.