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The natural rate of interest through a hall of mirrors

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by Phurichai Rungcharoenkitkul and Fabian Winkler
Why have global real interest rates fallen so much? A common explanation is that factors such as shifting demographics and falling potential growth depress the natural interest rate, or r-star.

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The natural rate of interest through a hall of mirrors

by Phurichai Rungcharoenkitkul and Fabian WinklerWhy have global real interest rates fallen so much? A common explanation is that factors such as shifting demographics