Edgeworth's (1888) paper served as another important discussion of the time regarding the basic theory of central banks. 18 As Rogoff, Rossi, and Schmelzing (2022, p. 8n9) argue, Wicksell's definition of the natural rate of interest is an economy-wide average concept encompassing both short- and long-term interest rates. 19 His hypothesis was later followed by the construction of disequilibrium economic theory, but remains unproved.
I wish all of you well for this national convention and the BSP stands ready to be your continuing partner in rural development. BIS central bankers’ speeches  3