The curse of persistently low real interest rates (VoxEU, 2018)

Press/Media: Other

Description

VoxEU article

Period25 Apr 2018

Media contributions

1

Media contributions

  • TitleThe curse of persistently low real interest rates
    Media name/outletVoxEU
    Country/TerritoryNetherlands
    Date25/04/18
    DescriptionPersistent low interest rates prompt the question of whether the natural, or equilibrium, rate of interest has similarly shifted downwards. This column uses data for seven OECD countries to explore how low interest rates have affected potential output. The results lend support to concerns that a prolonged period of low real interest can reduce the natural rate. This causality can run through both real and financial channels.
    URLThe curse of persistently low real interest rates
    PersonsJan Willem van den End, Marco Hoeberichts