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A tartósan alacsony kamatláb okai és következményei – egy e-könyv bevezetője

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Causes and consequences of persistently low interest rates

Sir Charles Bean
23 October 2015 – http://www.voxeu.org

Interest rates are at historic lows in advanced nations around the world and markets expect them to stay low for years. This column introduces the 17th CEPR-ICMB Geneva Report on the World Economy, “Low for Long? Causes and Consequences of Persistently Low Interest Rates”. Written by four world-renowned macroeconomists, the report suggests that real interest rates will eventually return to more normal levels, but in the meantime deflationary traps are more likely, as are financial boom-bust cycles.

A teljes szöveg:

Low for Long? Causes and Consequences of Persistently Low Interest Rates

Sir Charles Bean, Christian Broda , Takatoshi Ito, Randall Kroszner 

Interest rates are at historic lows in advanced nations around the world and markets expect them to stay low for years. Written by four world-renowned macroeconomists, the 17th CEPR-ICMB Geneva Report on the World Economy, “Low for Long? Causes and Consequences of Persistently Low Interest Rates”, suggests that real interest rates will eventually return to more normal levels, but in the meantime deflationary traps are more likely, as are financial boom-bust cycles.

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