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Holston, Laubach and Williams estimate UK natural rate for 2016 was 1.5%

In a paper recently published in the Journal of International Economics, Kathryn Holston (working with Laubach and Williams) have estimates that the natural rate was 1.5% in 2016 (down from 2.6% in 2007 and 2.9% in 1990). Here's the key chart:

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