Tag Archives: Interest Rates

Larry Summers on why the economy is broken — and how to fix it

From Ezra Klein: Larry Summers on why the economy is broken — and how to fix it. In addition to the empirical observation that real interest rates over both the short and long term have declined substantially and the calculations suggesting … Continue reading

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Large-Scale Asset Purchases by Jeremy Stein

Here’s Greg Ip on Jeremy Stein’s recent LSAP speeches (Oct 11, Nov 30): If Mr Stein’s story is right, we should expect to see corporations exploiting the drop in long-term rates to refinance short-term debt and repurchase stock but not boost … Continue reading

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Falling Interest Rates

The secular decline in rates since the Volker era is quite striking. Besides factors related to the great moderation and the global savings glut, I wonder how much of this trend is due to the USD’s exorbitant privilege in a … Continue reading

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