The natural rate in the advanced economies may fall even further

13:26 25/7/2016 - Πηγή: Ναυτεμπορική

Short-term and long-term interest rates are very low by historical standards both in the Eurozone and in other advanced economies. Low interest rates are not a temporary phenomenon, but part of a longer-term tendency—a declining trend that started to take shape prior to the recent global financial crisis and the worldwide recession that followed, By Atanas Hristov and Timo Wollmershäuser