Perspectives on low global interest rates

Perspectives on low global interest rates / prepared by Luis, Catão and George A. (Sandy) Mackenzie.

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 real interest rates on long-term bonds in advanced economies are not low by historical...

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Bibliographic Details
Main Authors: Catão, Luis (Author), MacKenzie, George A. (Author)
Corporate Author: International Monetary Fund. Research Department
Format: eBook
Language:English
Published: [Washington, D.C.] : International Monetary Fund, Research Dept., ©2006.
Series:IMF working paper ; WP/06/76.
Subjects:
Interest rates > Econometric models.
Saving and investment > Econometric models.
Interest rates > Econometric models
Saving and investment > Econometric models
Online Access:Click for online access
Table of Contents:
  • ""Contents""; ""I. INTRODUCTION""; ""II. SOME HISTORICAL PERSPECTIVE""; ""III. SIMPLE ANALYTICS OF GLOBAL INTEREST RATE DETERMINATION ""; ""IV. AN ASSET-PRICING PERSPECTIVE""; ""V. ECONOMETRIC EVIDENCE""; ""VI. CONCLUSIONS""; ""APPENDIX I. THEORETICAL FRAMEWORK""; ""REFERENCES""

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