Bacchetta, Philippe; Benhima, Kenza; Renne, Jean-Paul - In: Swiss journal of economics and statistics 158 (2022) 1, pp. 1-17
This paper proposes long-run estimates of ex ante real interest rates in Switzerland and other developed economies, and it describes their relative evolution. Our results highlight the decline in-and convergence of-global real interest rates that has unfolded over the last three decades for all...
