The fall in real long‑term government bond yields: Disentangling different drivers
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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This paper contributes to the empirical literature investigating reasons for the fall in real interest rates in advanced economies. It focuses on selected drivers from three broad categories: demographic changes; imbalances between supply of and demand for safe assets; and monetary policy at home and abroad. Several country-specific...
