{"id":"https://openalex.org/W1977429181","doi":"https://doi.org/10.1111/j.1468-0351.2006.00255.x","title":"The information content of the neutral rate of interest","display_name":"The information content of the neutral rate of interest","publication_year":2006,"publication_date":"2006-04-01","ids":{"openalex":"https://openalex.org/W1977429181","doi":"https://doi.org/10.1111/j.1468-0351.2006.00255.x","mag":"1977429181"},"language":"en","primary_location":{"id":"doi:10.1111/j.1468-0351.2006.00255.x","doi":"https://doi.org/10.1111/j.1468-0351.2006.00255.x","is_oa":false,"landing_page_url":"https://doi.org/10.1111/j.1468-0351.2006.00255.x","pdf_url":null,"source":{"id":"https://openalex.org/S166792937","display_name":"Economics of Transition","issn_l":"0967-0750","issn":["0967-0750","1468-0351"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core","poland-70","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Economics of Transition","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5028820940","display_name":"Micha\u0142 Brzoza\u2010Brzezina","orcid":"https://orcid.org/0000-0001-9885-7069","observed_orcids":["https://orcid.org/0000-0001-9885-7069"]},"institutions":[{"id":"https://openalex.org/I18193975","display_name":"SGH Warsaw School of Economics","ror":"https://ror.org/032cph770","country_code":"PL","type":"education","lineage":["https://openalex.org/I18193975"]},{"id":"https://openalex.org/I90656587","display_name":"National Bank of Poland","ror":"https://ror.org/00tystp70","country_code":"PL","type":"other","lineage":["https://openalex.org/I90656587"]}],"countries":["PL"],"is_corresponding":true,"raw_author_name":"Micha\u0142 Brzoza\u2010Brzezina","raw_affiliation_strings":["Warsaw School of Economics (SGH)","National Bank of Poland"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Warsaw School of Economics (SGH)","institution_ids":["https://openalex.org/I18193975"]},{"raw_affiliation_string":"National Bank of Poland","institution_ids":["https://openalex.org/I90656587"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5028820940"],"corresponding_institution_ids":["https://openalex.org/I18193975","https://openalex.org/I90656587"],"apc_list":null,"apc_paid":null,"fwci":4.0328,"has_fulltext":false,"cited_by_count":18,"citation_normalized_percentile":{"value":0.9413271,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":96},"biblio":{"volume":"14","issue":"2","first_page":"391","last_page":"412"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":1.0,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":1.0,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.0,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13389","display_name":"German Economic Analysis & Policies","score":0.0,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/inflation-targeting","display_name":"inflation targeting","score":0.4429999887943268},{"id":"https://openalex.org/keywords/monetary-policy","display_name":"monetary policy","score":0.7139999866485596},{"id":"https://openalex.org/keywords/disinflation","display_name":"disinflation","score":0.8679999709129333},{"id":"https://openalex.org/keywords/central-banking","display_name":"central banking","score":0.7310000061988831},{"id":"https://openalex.org/keywords/poland","display_name":"Poland","score":0.4659999907016754},{"id":"https://openalex.org/keywords/interest-rate-policy","display_name":"interest rate policy","score":0.3630000054836273},{"id":"https://openalex.org/keywords/inflation-stabilization","display_name":"inflation stabilization","score":0.4790000021457672}],"concepts":[{"id":"https://openalex.org/C2780569737","wikidata":"https://www.wikidata.org/wiki/Q1228734","display_name":"Disinflation","level":3,"score":0.9585977792739868},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.7818224430084229},{"id":"https://openalex.org/C200941418","wikidata":"https://www.wikidata.org/wiki/Q273508","display_name":"Inflation (cosmology)","level":2,"score":0.6143583059310913},{"id":"https://openalex.org/C175025494","wikidata":"https://www.wikidata.org/wiki/Q179179","display_name":"Interest rate","level":2,"score":0.5909709930419922},{"id":"https://openalex.org/C134121241","wikidata":"https://www.wikidata.org/wiki/Q899301","display_name":"Yield (engineering)","level":2,"score":0.5081222057342529},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.4844115376472473},{"id":"https://openalex.org/C2993702802","wikidata":"https://www.wikidata.org/wiki/Q35865","display_name":"Inflation rate","level":3,"score":0.4767354726791382},{"id":"https://openalex.org/C96250715","wikidata":"https://www.wikidata.org/wiki/Q965330","display_name":"Estimation","level":2,"score":0.4756814241409302},{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.40306034684181213},{"id":"https://openalex.org/C165556158","wikidata":"https://www.wikidata.org/wiki/Q83937","display_name":"Keynesian economics","level":1,"score":0.35017114877700806},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.32916760444641113},{"id":"https://openalex.org/C97355855","wikidata":"https://www.wikidata.org/wiki/Q11473","display_name":"Thermodynamics","level":1,"score":0.0851973295211792},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.06876155734062195},{"id":"https://openalex.org/C33332235","wikidata":"https://www.wikidata.org/wiki/Q18362","display_name":"Theoretical physics","level":1,"score":0.0},{"id":"https://openalex.org/C187736073","wikidata":"https://www.wikidata.org/wiki/Q2920921","display_name":"Management","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1111/j.1468-0351.2006.00255.x","doi":"https://doi.org/10.1111/j.1468-0351.2006.00255.x","is_oa":false,"landing_page_url":"https://doi.org/10.1111/j.1468-0351.2006.00255.x","pdf_url":null,"source":{"id":"https://openalex.org/S166792937","display_name":"Economics of Transition","issn_l":"0967-0750","issn":["0967-0750","1468-0351"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core","poland-70","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Economics of Transition","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"display_name":"Decent work and economic growth","id":"https://metadata.un.org/sdg/8","score":0.5600000023841858}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":41,"referenced_works":["https://openalex.org/W1030232760","https://openalex.org/W1479820972","https://openalex.org/W1511287027","https://openalex.org/W1511768462","https://openalex.org/W1515279384","https://openalex.org/W1538076148","https://openalex.org/W1545524728","https://openalex.org/W1555720953","https://openalex.org/W1582490651","https://openalex.org/W1598609292","https://openalex.org/W1697202372","https://openalex.org/W1963883253","https://openalex.org/W1979418777","https://openalex.org/W2003098969","https://openalex.org/W2013860961","https://openalex.org/W2024241401","https://openalex.org/W2032290065","https://openalex.org/W2036255516","https://openalex.org/W2108122190","https://openalex.org/W2117093780","https://openalex.org/W2137338951","https://openalex.org/W2140898820","https://openalex.org/W2146673837","https://openalex.org/W2147546821","https://openalex.org/W2164328850","https://openalex.org/W2189139855","https://openalex.org/W2319853698","https://openalex.org/W2334009170","https://openalex.org/W2502742874","https://openalex.org/W2797062887","https://openalex.org/W2955558756","https://openalex.org/W3124425450","https://openalex.org/W3142862859","https://openalex.org/W4229640580","https://openalex.org/W4235494164","https://openalex.org/W4238816640","https://openalex.org/W4241115065","https://openalex.org/W4251721198","https://openalex.org/W4292713895","https://openalex.org/W4298438945","https://openalex.org/W4299512719"],"related_works":["https://openalex.org/W3121749725","https://openalex.org/W7100453758","https://openalex.org/W1515375238","https://openalex.org/W1523793950","https://openalex.org/W2219448660","https://openalex.org/W581048642","https://openalex.org/W2002239044","https://openalex.org/W4303467891","https://openalex.org/W4285670946","https://openalex.org/W628730655"],"abstract_inverted_index":{"Abstract":[0],"The":[1],"concept":[2],"of":[3,7,24,43,61,73],"the":[4,21,44,69,74],"neutral":[5,22,45,75],"rate":[6,23,46,76],"interest":[8,25],"has":[9],"recently":[10],"received":[11],"much":[12],"attention":[13],"from":[14],"economists.":[15],"In":[16,40],"this":[17],"paper,":[18],"we":[19],"estimate":[20],"in":[26,77],"Poland.":[27,78],"We":[28,63],"show":[29],"how":[30],"it":[31],"can":[32,47],"yield":[33],"important":[34],"information":[35],"for":[36,50,68],"a":[37,58],"central":[38],"banker.":[39],"particular,":[41],"estimation":[42],"be":[48],"helpful":[49],"monetary":[51],"authorities":[52],"seeking":[53],"to":[54],"stabilize":[55],"inflation":[56],"after":[57],"long":[59],"process":[60],"disinflation.":[62],"also":[64],"suggest":[65],"possible":[66],"explanations":[67],"relatively":[70],"high":[71],"level":[72]},"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":1},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":1},{"year":2017,"cited_by_count":1},{"year":2015,"cited_by_count":1},{"year":2014,"cited_by_count":1},{"year":2012,"cited_by_count":2}],"updated_date":"2026-10-14T16:39:01.820549","created_date":"2016-06-24T00:00:00"}