Bouis, Romain; Inaba, Kei-Ichiro; Rawdanowicz, Łukasz; … - 2014
This paper describes developments in real long-term interest rates in the main OECD economies and surveys their various determinants. Real long-term government bond yields declined from the 1980s to very low levels in the recent period, though they have not reached the historical lows of the...