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Global Trends in Interest Rates / Marco Del Negro, Domenico Giannone, Marc P. Giannoni, Andrea Tambalotti.
- Format:
- Book
- Author/Creator:
- Del Negro, Marco.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w25039.
- NBER working paper series no. w25039
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2018.
- Summary:
- The trend in the world real interest rate for safe and liquid assets fluctuated close to 2 percent for more than a century, but has dropped significantly over the past three decades. This decline has been common among advanced economies, as trends in real interest rates across countries have converged over this period. It was driven by an increase in the convenience yield for safety and liquidity and by lower global economic growth.
- Notes:
- Print version record
- September 2018.
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