A new era of high interest?
Finance & History
00:00
Factors Influencing the Great Moderation and Demographic Shifts
This chapter delves into the reasons behind the 'great moderation' period of low interest rates, such as geopolitical changes and increased labor supply, as well as the demographic challenges posed by a decrease in the working population in certain countries. It also addresses the impact of immigration on workforce balancing and the potential hurdles for economic growth in regions like Africa and India compared to China.
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