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. They have not been peer-reviewed or been subject to the review by the NBER Board of Directors that accompanies officialNBER publications.
Measuring the “World” Real Interest Rate. Mervyn King and David Low, Stern School of Business, NYU . Over the past couple of decades, and especially since the financial crisis in 2008-09, real
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