Persistently low interest rates, redux

Ben Johannsen and Elmar Mertens add to evidence from Michael KileyThomas Laubach and John Williams

(Also, see previous post: Will interest rates persistently fall below previous norms?)


Do Demographic Trends + Productivity Outlook = Modest Economic Growth?

Putting together these two studies suggests (at least a qualified) “yes”.

Demographic trends: Aaronson et al

Recent productivity:  Byrne, Fernald, and Reinsdorf

(Also, see previous post: Are the days of rapid economic growth past? )