With the COVID-19 pandemic, the intense debate about secular stagnation will become even more important. Empirical estimates of equilibrium real interest rates are so far mostly limited to advanced economies, since no statistical procedure suitable for a large set of countries is available. This is surprising, as equilibrium rates have strong policy implications in emerging markets and developing economies as well; current estimates of the global...
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INFORMATION
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2020/12/07
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Document de travail de recherche sur les politiques
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WPS9489
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1
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1
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2020/12/07
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Disclosed
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Dynamics and Synchronization of Global Equilibrium Interest Rates
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Equilibrium Interest Rate