Bloomberg Businessweek cover image

We’re Probably All Wrong About Interest Rates

Bloomberg Businessweek

Are Interest Rates Trending Down Because of an Aging Population?

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For years, financial institutions have been saying that interest rates are trending down because of an aging population. Olivia Blanchard said don't worry, interest rates will go back because the population's aging. Ken Rogoff had sent me a paper where he looked at interest rates going back 700 years. He found that interest rates have been trending down not as much as we think.

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