Samim Ghamami on the Treasury Markets Impact on the Future Path of Interest Rates and Inflation
Macro Musings with David Beckworth
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The Impact of Trade Wars on Long-Term Interest Rates
This chapter explores how exchange rate fluctuations and trade wars influence long-term real interest rates, particularly in advanced economies. The discussion focuses on the U.S. dollar and Chinese yuan volatility, highlighting how the trade war acts as a supply-side shock that may reduce equilibrium interest rates.
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