Global trends in interest rates
Global trends in interest rates
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DOI：
10.1016/j.jinteco.2019.01.010
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发表时间：
2019-05-01
影响因子：
3.3
通讯作者：
Tambalotti, Andrea
中科院分区：
文献类型：
--
作者：
Del Negro, Marco;Giannone, Domenico;Tambalotti, Andrea
一个多世纪以来，世界上安全和流动资产的实际利率在接近2%的水平上波动，但在过去30年里大幅下降。这种下降在发达经济体中很常见，因为在此期间各国实际利率的趋势趋于一致。这是由于安全性和流动性的便利收益增加以及全球经济增长放缓所推动的。(C) 2019 Elsevier B.V.版权所有
The trend in the world real interest rate for safe and liquid assets fluctuated close to 2% for more than a century, but has dropped significantly over the past three decades. This decline has been common among advanced economies, as trends in real interest rates across countries have converged over this period. It was driven by an increase in the convenience yield for safety and liquidity and by lower global economic growth. (C) 2019 Elsevier B.V. All rights reserved.