Measuring the ''World'' Real Interest Rate

25 Pages Posted: 11 Feb 2014

See all articles by Mervyn King

Mervyn King

House of Lords

David Low

New York University (NYU) - Department of Economics

Date Written: February 2014

Abstract

Over the past couple of decades, and especially since the financial crisis in 2008-09, real interest rates have collapsed. For much of the past two years they have been negative, but they have been trending down for some while. But how far have real rates fallen? This note computes a measure of the "world" real interest rate and, where possible, a measure of the implied future real rate. It also makes public our estimates of the "world" real interest rate so they can be used by other researchers.

Institutional subscribers to the NBER working paper series, and residents of developing countries may download this paper without additional charge at www.nber.org.

Suggested Citation

King, Mervyn and Low, David, Measuring the ''World'' Real Interest Rate (February 2014). NBER Working Paper No. w19887. Available at SSRN: https://ssrn.com/abstract=2393599

Mervyn King (Contact Author)

House of Lords ( email )

Parliament Square
London
United Kingdom

David Low

New York University (NYU) - Department of Economics ( email )

269 Mercer Street, 7th Floor
New York, NY 10011
United States

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