Whither Real Interest Rates for the next 30 Years?
Andrew White
APRIL 10, 2023
The blog reports: “To investigate this issue in more depth, we use a detailed structural model to identify the most important forces that can explain comovement in natural rates over the past 40 years. China joined the WTO in 2001 lowering, at a stroke, global wages. The IMF blog has a chart showing this trend.
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