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Some Evidence on Secular Drivers of US Safe Real Rates


Some Evidence on Secular Drivers of US Safe Real Rates

Some Evidence on Secular Drivers of US Safe Real Rates by Kurt G. Lunsford and Kenneth D. West. Published in volume 11, issue 4, pages 113-39 of American ...

Some Evidence on Secular Drivers of U.S. Safe Real Rates | NBER

We use annual data, mostly from 1890 to 2016. We find that safe real interest rates are correlated as expected with demographic measures. For ...

Some Evidence on Secular Drivers of US Safe Real Rates

Second, demographic variables gen- erally co-move with the real rate as predicted by overlapping generations models or models of aggregate saving and investment ...

Some Evidence on Secular Drivers of US Safe Real Rates

We use annual data, mostly from 1890 to 2016. We find that safe real interest rates are correlated as expected with demographic measures. For example, the long- ...

Some Evidence on Secular Drivers of U.S. Safe Real Rates

We study long-run correlations between safe real interest rates in the US and over 20 variables that have been hypothesized to influence real rates.

Some Evidence on Secular Drivers of US Safe Real Rates

Lunsford, Kurt G., and Kenneth D. West. “Some Evidence on Secular Drivers of US Safe Real Rates.” American Economic Journal: Macroeconomics 11, no. 4 (October 1 ...

Some Evidence on Secular Drivers of U.S. Safe Real Rates

The list of variables is motivated by an intertermporal IS equation, by models of aggregate savings and investment, and by reduced form studies.

Some Evidence on Secular Drivers of U.S. Safe Real Rates

Some Evidence on Secular Drivers of U.S. Safe Real Rates ... To read the full-text of this research, you can request a copy directly from the authors.

Some Evidence on Secular Drivers of US Safe Real Rates

However, most theoretical settings imply an equivalence between movements in the common low-frequency level of real interest rates (when a set of interest rates ...

Citations of Some Evidence on Secular Drivers of US Safe Real Rates

Downloadable ! Author(s): Kurt Graden Lunsford & Kenneth D. West. 2017 Abstract: We study long-run correlations between safe real interest rates in the ...

Vol. 11, No. 4, October 2019 - American Economic Association

Some Evidence on Secular Drivers of US Safe Real Rates. by Kurt G. Lunsford and Kenneth D. West. (pp. 113–39). Monopoly Power and Endogenous Product Variety ...

Mix | Is zero the safe real rate? | American Review of Political Economy

The current economic debate with regards to the secular trend of ever lower, even negative, safe real interest rates is dominated by Keynesian, ...

On Falling Neutral Real Rates, Fiscal Policy, and the Risk of Secular ...

1Appendix A provides some further discussion of safety and liquidity premium. 2. Page 5. Figure 1: Real interest rates estimated from the ...

In the eye of the beholder - SUERF

Lunsford, K and K West (2019): “Some evidence on secular drivers of US safe real rates”, American Economic Journal: Macroeconomics, vol 11, no 4 ...

Quo vadis, r*? The natural rate of interest after the pandemic

Lunsford, K and K West (2019): "Some evidence on secular drivers of US safe real rates", American Economic Journal: Macroeconomics, vol 11, no 4 ...

The Historical Decline in Real Interest Rates and Its Implications for ...

“Some Evidence on Secular Drivers of US Safe. Real Rates.” American Economic Journal: Macroeconomics, vol. 11, no. 4 (October), pp. 113–. 139 ...

Supply of Sovereign Safe Assets and Global Interest Rates

... Statistics, 2003, 85 (4), 1063–1070. Lunsford, Kurt G. and Kenneth D. West, “Some Evidence on Secular Drivers of U.S.. Safe Real Rates,” American Economic ...

LONG-RUN TRENDS IN LONG-MATURITY REAL RATES 1311 ...

Some Evidence on Secular Drivers of the Real Rate. American Economic Review: Macroeconomics 11(4): 113–139. 40. Page 41. Maddison, Angus. 2010. The World ...

A New Normal for Interest Rates? Evidence from Inflation-Indexed ...

West, 2017, “Some Evidence on Secular Drivers of U.S.. Safe Real Rates,” Federal Reserve Bank of Cleveland, working paper no. 17-23. Nechio, Fernanda, and ...

The Neutral Interest Rate: Past, Present and Future. A Thematic ...

“Some Evidence on Secular Drivers of US Safe Real. Rates.”American Economic Journal: Macroeconomics 11(4): 113–139. [30] Mendes, R. R. 2014 ...