Transcription of MEASURING THE ''WORLD'' REAL INTEREST RATE …
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MEASURING THE ''WORLD'' REAL INTEREST RATE …
NBER working PAPER SERIESMEASURING THE '' world '' real INTEREST RATEM ervyn KingDavid LowWorking Paper 19887 BUREAU OF ECONOMIC RESEARCH1050 Massachusetts AvenueCambridge, MA 02138 February 2014 The authors thank Iain de Weymarn, Andrew Hauser, and David Backus for many insightful commentsthat greatly enhanced this paper. We also gratefully acknowledge research support from the SternSchool of Business at New York University. The views expressed herein are those of the authors anddo not necessarily reflect the views of the National Bureau of Economic working papers are circulated for discussion and comment purposes.
Measuring the ''World'' Real Interest Rate Mervyn King and David Low NBER Working Paper No. 19887 February 2014 JEL No. E4,E43,G12 ABSTRACT Over the past couple of decades, and especially since the financial crisis in 2008-09, real interest rates
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