Edge, Rochelle M. (contributor); Laubach, Thomas (contributor) - 2004 - [Elektronische Ressource]
and a
sustained boom ensues. In addition, with learning, long-term real bond rates rise only
gradually in response to a … comparison to the data, we construct a synthetic real 10-year
bond rate, R
b
, determined according to an approximation of the …
Investment
0 2 4 6 8 10
0
2
4
Productivity Growth
0 2 4 6 8 10
0
0.5
1
Long−Term Bond rate
Notes: Productivity growth and the …