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Has the U.S. Economy Transitioned to a Higher Long-run Real Interest Rate Regime?

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Abstract

The long-run real market interest rate appears to be nearing the higher levels that prevailed from 2004 to 2012. Is the period of low real interest rates over?

Suggested Citation

  • Kevin L. Kliesen, 2024. "Has the U.S. Economy Transitioned to a Higher Long-run Real Interest Rate Regime?," On the Economy 97921, Federal Reserve Bank of St. Louis.
    • Handle: RePEc:fip:l00001:97921
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    Keywords

    real interest rates;

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