Podcasts Business Non-Profit Macro Musings with David Beckworth Paul Schmelzing on the Suprasecular Decline of Global Real Interest Rates

Paul Schmelzing on the Suprasecular Decline of Global Real Interest Rates

Published: Feb. 24, 2020, 5:30 a.m.

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Paul Schmelzing is an economic historian, a visiting scholar at the Bank of England and a postdoc at the Yale University School of Management. Paul has written an influential new paper on the long history of interest rates titled, "Eight centuries of global real interest rates, R-G, and the \\u2018suprasecular\\u2019 decline, 1311\\u20132018." Specifically, Paul and David discuss the implications of this paper\\u2019s findings for secular stagnation theory, Thomas Piketty\\u2019s inegalitarian wealth spiral, and for macroeconomic policy more generally.

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Transcript for the episode can be found here: https://www.mercatus.org/bridge/tags/macro-musings

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Paul\\u2019s Twitter: @paul_schmelzing

Paul\\u2019s Harvard profile: https://scholar.harvard.edu/pfschmelzing/bio

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Related Links:

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* Eight Centuries of Global Real Interest Rates, R-G, and the \\u2018Suprasecular\\u2019 Decline, 1311\\u20132018* by Paul Schmelzing

https://www.bankofengland.co.uk/working-paper/2020/eight-centuries-of-global-real-interest-rates-r-g-and-the-suprasecular-decline-1311-2018

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David\\u2019s blog: macromarketmusings.blogspot.com
David\\u2019s Twitter: @DavidBeckworth

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