Plausibly Exogenous [1350] - Natural Rate (10/12/2023)
Variable of Interest
Natural rate of return on capital
Source of Exogenous Variation
Every month, a fraction of UK property leases are extended for another 90 years or more.
- Bäcker-Peral, Hazell, and Mian (2023), “Measuring The Natural Rate Using Natural Experiments”