The paper estimates a shadow rate for the euro area using ‘genetic algorithms’ and discusses the strengths and weaknesses of the shadow rate concept.
Information and identifiers
Discussion Paper 051. July 2017. Brussels. PDF. 36pp. Tab. Graph. Bibliogr. Free.
ISSN 2443-8022 (online)
JEL classification: E43, E44, E52, E58.
European Economy Discussion Papers are written by the staff of the European Commission’s Directorate-General for Economic and Financial Affairs, or by experts working in association with them, to inform discussion on economic policy and to stimulate debate. The views expressed in this document are solely those of the author(s) and do not necessarily represent the official views of the European Commission.