These are the global trends in interest rates over the past 150 years

"Low interest rates in advanced economies are a secular phenomenon driven by global forces that emerged well before the Great Recession" Image: REUTERS/Kacper Pempel/Illustration
Marco Del Negro
Vice President, Macroeconomics and Monetary Studies Function, Research and Statistics Group, New York Federal Reserve Bank
Andrea Tambalotti
Assistant Vice President and Function Head in the Macroeconomic and Monetary Studies Function,, Federal Reserve Bank of New York
Marc Gionnoni
enior Vice President and Director of Research,, Federal Reserve Bank of Dallas
Domenico Giannone
Assistant Vice President, Reserve Bank of New York

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