Media contributions
1Media contributions
Title The curse of persistently low real interest rates Media name/outlet VoxEU Country/Territory Netherlands Date 25/04/18 Description Persistent 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. URL The curse of persistently low real interest rates Persons Jan Willem van den End, Marco Hoeberichts