The Right Coast

Editor: Thomas A. Smith
University of San Diego
School of Law

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Friday, April 5, 2013

The Long Mystery of Low Interest Rates by Kenneth Rogoff - Project Syndicate

CAMBRIDGE – As policymakers and investors continue to fret over the risks posed by today’s ultra-low global interest rates, academic economists continue to debate the underlying causes.  By now, everyone accepts some version of US Federal Reserve Chairman Ben Bernanke’s statement in 2005 that a “global savings glut” is at the root of the problem. But economists disagree on why we have the glut, how long it will last, and, most fundamentally, on whether it is a good thing.

via www.project-syndicate.org

http://rightcoast.typepad.com/rightcoast/2013/04/the-long-mystery-of-low-interest-rates-by-kenneth-rogoff-project-syndicate.html

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