International drivers of r-star

A/Prof Benjamin Wong, 2025

The purpose is to investigate the international drivers of the natural rate of interest (r-star) across advanced and emerging market economies, while embedding social responsibility and accountability within macroeconomic research.

The research will analyse safe-haven effects, domestic risk premiums, and capital controls shaping r-star dynamics, and will be conducted in collaboration with the Bank for International Settlements through the BIS Research Fellowship.

The goal is to generate r-star estimates, policy briefs, and working papers, and to share insights with academic and policy communities.

This work aims to inform monetary policy and support inclusive, sustainable prosperity, while also mentoring students in responsible macroeconomics and sustainable finance.