S5 Ep35: The global real interest rate
Jul 20, 2022•24 min•Season 5Ep. 35
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Episode description
Global real rates are stuck at a low level, and until recently policy rates everywhere were effectively zero. Can we use historical data to explain why this happened, and to predict whether we will be back at the ZLB when inflation falls? Pierre-Olivier Gourinchas and Ricardo Reis talk to Tim Phillips.
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