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Factors behind the Decline in Real Long‑Term Government Bond Yields

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Organisation for Economic Co-operation and Development2026-04-11 收录
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https://www.oecd.org/en/publications/factors-behind-the-decline-in-real-long-term-government-bond-yields_5jxvgg7q1322-en.html
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This paper describes developments in real long-term interest rates in the main OECD economies and surveys their various determinants. Real long-term government bond yields declined from the 1980s to very low levels in the recent period, though they have not reached the historical lows of the 1970s. The decline in real interest rates has been...
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