Whither Real Interest Rates for the next 30 Years?
Andrew White
APRIL 10, 2023
The blog refers to some research from the IMF that looks at the long term drivers of long-term interest rates. 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. Demographics do seem to be at play over the long haul.
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