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R* and the Global Economy

Author

Listed:
  • Reuven Glick

    (Federal Reserve Bank of San Francisco)

Abstract

This paper is a revised version of keynote remarks presented at the conference on “Global Safe Assets, International Reserves, and Capital Flow,” sponsored by the Global Research Unit, Department of Economics and Finance, City University of Hong Kong and the Journal of International Money and Finance, held on May 20-21, 2019. The views expressed here are those of the author and do not necessarily represent those of the Federal Reserve Bank of San Francisco or the Board of Governors of the Federal Reserve System.

Suggested Citation

  • Reuven Glick, 2019. "R* and the Global Economy," GRU Working Paper Series GRU_2019_013, City University of Hong Kong, Department of Economics and Finance, Global Research Unit.
    • Handle: RePEc:cth:wpaper:gru_2019_013
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    File URL: https://www.cb.cityu.edu.hk/ef/doc/GRU/WPS/GRU%232019-013%20Glick.pdf
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    Citations

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    Cited by:

    1. is not listed on IDEAS
    2. Heylen, Freddy & Mareels, Marthe & Van Langenhove, Christophe, 2024. "Long-run perspectives on r-g in OECD countries: An empirical analysis," Journal of International Money and Finance, Elsevier, vol. 145(C).
    3. Thiago Revil T. Ferreira & Samer Shousha, 2020. "Scarcity of Safe Assets and Global Neutral Interest Rates," International Finance Discussion Papers 1293, Board of Governors of the Federal Reserve System (U.S.).
    4. Marc Peter Radke & Manuel Rupprecht, 2021. "Household Wealth: Low-Yielding and Poorly Structured?," JRFM, MDPI, vol. 14(3), pages 1-40, March.
    5. Philippe Bacchetta & Kenza Benhima & Jean-Paul Renne, 2022. "Understanding Swiss real interest rates in a financially globalized world," Swiss Journal of Economics and Statistics, Springer;Swiss Society of Economics and Statistics, vol. 158(1), pages 1-17, December.
    6. Juselius, Mikael, 2025. "Navigating the sea of natural real interest rate estimates," BoF Economics Review 3/2025, Bank of Finland.
    7. Thiago Revil T. Ferreira & Samer Shousha, 2021. "Supply of Sovereign Safe Assets and Global Interest Rates," International Finance Discussion Papers 1315, Board of Governors of the Federal Reserve System (U.S.).
    8. Ferreira, Thiago R.T. & Shousha, Samer, 2023. "Determinants of global neutral interest rates," Journal of International Economics, Elsevier, vol. 145(C).
    9. Ambrogio Cesa-Bianchi & Richard Harrison & Rana Sajedi, 2022. "Decomposing the drivers of Global R," Bank of England working papers 990, Bank of England.
    10. Fu, Buben & Wang, Bin, 2024. "Demographic change and natural interest rate of China," Finance Research Letters, Elsevier, vol. 59(C).
    11. Goto, Eiji, 2023. "International comovement of r∗: A case study of the G7 countries," Journal of Empirical Finance, Elsevier, vol. 74(C).

    More about this item

    JEL classification:

    • E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • F65 - International Economics - - Economic Impacts of Globalization - - - Finance

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