Measuring the ''World'' Real Interest Rate

Mervyn King and David Low

No 19887, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Over the past couple of decades, and especially since the financial crisis in 2008-09, real interest rates have collapsed. For much of the past two years they have been negative, but they have been trending down for some while. But how far have real rates fallen? This note computes a measure of the "world" real interest rate and, where possible, a measure of the implied future real rate. It also makes public our estimates of the "world" real interest rate so they can be used by other researchers.

JEL-codes: E4 E43 G12 (search for similar items in EconPapers)
Date: 2014-02
New Economics Papers: this item is included in nep-mac, nep-opm and nep-sog
Note: AP ME
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