Cowen’s Third Law, illustrated

 [[{“value”:”We further show that demographic and productivity factors do not represent convincing drivers of real interest rates over long spans. That is from a new AER piece by Kenneth S. Rogoff, Barbara Rossi, and Paul Schmelzing.  Here are less gated copies of the piece.  Here are some MR posts on Cowen’s Third Law.
The post Cowen’s Third Law, illustrated appeared first on Marginal REVOLUTION.”}]] 

We further show that demographic and productivity factors do not represent convincing drivers of real interest rates over long spans.

That is from a new AER piece by Kenneth S. Rogoff, Barbara Rossi, and Paul Schmelzing.  Here are less gated copies of the piece.  Here are some MR posts on Cowen’s Third Law.

The post Cowen’s Third Law, illustrated appeared first on Marginal REVOLUTION.

 Economics, History, Uncategorized