Series: IMF Working Papers
Author(s): Luis Catão , and George Mackenzie
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 2006
Keywords: World interest rates, global saving, bond, inflation, real interest rates, real interest rate, bonds, International Finance: General,
This paper looks at the dramatic decline in global real interest rates in recent years from a historical perspective and examines the various factors that may account for this trend. We show that current levels of...