A Perspective on Nominal Interest Rates

2 Pages Posted: 12 Jan 2017 Last revised: 3 May 2018

See all articles by Fernando M. Martin

Fernando M. Martin

Federal Reserve Banks - Federal Reserve Bank of St. Louis

Date Written: 2016

Abstract

Interest rates are at historic lows. The U.S. effective federal funds rate was near zero between late 2008 and late 2015 and has remained low since “liftoff” in December 2015.1 Other developed countries, such as Germany, Japan, and Switzerland, have recently sold new long-term debt at negative yields. This essay revisits some facts about interest rate behavior to provide context for the current situation.

Suggested Citation

Martin, Fernando M., A Perspective on Nominal Interest Rates (2016). Economic Synopses, Issue 25, pp. 1-2, 2016, Available at SSRN: https://ssrn.com/abstract=2898047

Fernando M. Martin (Contact Author)

Federal Reserve Banks - Federal Reserve Bank of St. Louis ( email )

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United States
314-444-7350 (Phone)

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