Whither Real Interest Rates for the next 30 Years?
Andrew White
APRIL 10, 2023
China joined the WTO in 2001 lowering, at a stroke, global wages. It has been declining or flat for 20-30 years, depending on what metrics you use. The IMF blog then also states: “Higher fiscal financing needs have pushed up real rates in some countries, like in Japan and Brazil.” ” This I get.
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