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Geneva Reports on the World Economy

Geneva 17: Low for Long? Causes and Consequences of Persistently Low Interest Rates

Interest rates are at historic lows in advanced nations around the world and markets expect them to stay low for years. Written by four world-renowned macroeconomists, the 17th CEPR-ICMB Geneva Report on the World Economy, �Low for Long? Causes and Consequences of Persistently Low Interest Rates�, suggests that real interest rates will eventually return to more normal levels, but in the meantime deflationary traps are more likely, as are financial boom-bust cycles.

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Bean, C, C Broda, and T Ito (2015), “Summary“, in R Kroszner (eds), Geneva 17: Low for Long? Causes and Consequences of Persistently Low Interest Rates, CEPR Press, London. https://cepr.org/chapters/summary

Citation

Bean, C, C Broda, and T Ito (2015), “Historical context“, in R Kroszner (eds), Geneva 17: Low for Long? Causes and Consequences of Persistently Low Interest Rates, CEPR Press, London. https://cepr.org/chapters/historical-context

Citation

Bean, C, C Broda, and T Ito (2015), “Some key facts“, in R Kroszner (eds), Geneva 17: Low for Long? Causes and Consequences of Persistently Low Interest Rates, CEPR Press, London. https://cepr.org/chapters/some-key-facts

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Bean, C, C Broda, and T Ito (2015), “Introduction: Low for Long? Causes and Consequences of Persistently Low Interest Rates“, in R Kroszner (eds), Geneva 17: Low for Long? Causes and Consequences of Persistently Low Interest Rates, CEPR Press, London. https://cepr.org/chapters/introduction-low-long-causes-and-consequences-persistently-low-interest-rates

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Bean, C, C Broda, and T Ito (2015), “Summing up“, in R Kroszner (eds), Geneva 17: Low for Long? Causes and Consequences of Persistently Low Interest Rates, CEPR Press, London. https://cepr.org/chapters/summing

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Bean, C, C Broda, and T Ito (2015), “Risky versus safe assets and portfolio shifts“, in R Kroszner (eds), Geneva 17: Low for Long? Causes and Consequences of Persistently Low Interest Rates, CEPR Press, London. https://cepr.org/chapters/risky-versus-safe-assets-and-portfolio-shifts

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Bean, C, C Broda, and T Ito (2015), “A lower propensity to invest“, in R Kroszner (eds), Geneva 17: Low for Long? Causes and Consequences of Persistently Low Interest Rates, CEPR Press, London. https://cepr.org/chapters/lower-propensity-invest

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Bean, C, C Broda, and T Ito (2015), “A higher propensity to save“, in R Kroszner (eds), Geneva 17: Low for Long? Causes and Consequences of Persistently Low Interest Rates, CEPR Press, London. https://cepr.org/chapters/higher-propensity-save

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Bean, C, C Broda, and T Ito (2015), “Why have (safe) real interest rates fallen?“, in R Kroszner (eds), Geneva 17: Low for Long? Causes and Consequences of Persistently Low Interest Rates, CEPR Press, London. https://cepr.org/chapters/why-have-safe-real-interest-rates-fallen

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Bean, C, C Broda, and T Ito (2015), “Demography“, in R Kroszner (eds), Geneva 17: Low for Long? Causes and Consequences of Persistently Low Interest Rates, CEPR Press, London. https://cepr.org/chapters/demography

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Bean, C, C Broda, and T Ito (2015), “Effects of low interest rates on the private sector“, in R Kroszner (eds), Geneva 17: Low for Long? Causes and Consequences of Persistently Low Interest Rates, CEPR Press, London. https://cepr.org/chapters/effects-low-interest-rates-private-sector

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Bean, C, C Broda, and T Ito (2015), “Escaping the deflationary trap“, in R Kroszner (eds), Geneva 17: Low for Long? Causes and Consequences of Persistently Low Interest Rates, CEPR Press, London. https://cepr.org/chapters/escaping-deflationary-trap

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Bean, C, C Broda, and T Ito (2015), “From disinflation to deflation“, in R Kroszner (eds), Geneva 17: Low for Long? Causes and Consequences of Persistently Low Interest Rates, CEPR Press, London. https://cepr.org/chapters/disinflation-deflation

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Bean, C, C Broda, and T Ito (2015), “A brief chronology“, in R Kroszner (eds), Geneva 17: Low for Long? Causes and Consequences of Persistently Low Interest Rates, CEPR Press, London. https://cepr.org/chapters/brief-chronology

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Bean, C, C Broda, and T Ito (2015), “Lessons from Japan“, in R Kroszner (eds), Geneva 17: Low for Long? Causes and Consequences of Persistently Low Interest Rates, CEPR Press, London. https://cepr.org/chapters/lessons-japan

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Bean, C, C Broda, and T Ito (2015), “Concluding remarks“, in R Kroszner (eds), Geneva 17: Low for Long? Causes and Consequences of Persistently Low Interest Rates, CEPR Press, London. https://cepr.org/chapters/concluding-remarks

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Bean, C, C Broda, and T Ito (2015), “Prospects“, in R Kroszner (eds), Geneva 17: Low for Long? Causes and Consequences of Persistently Low Interest Rates, CEPR Press, London. https://cepr.org/chapters/prospects

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Bean, C, C Broda, and T Ito (2015), “Financial markets and financial stability“, in R Kroszner (eds), Geneva 17: Low for Long? Causes and Consequences of Persistently Low Interest Rates, CEPR Press, London. https://cepr.org/chapters/financial-markets-and-financial-stability

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Bean, C, C Broda, and T Ito (2015), “Monetary policy“, in R Kroszner (eds), Geneva 17: Low for Long? Causes and Consequences of Persistently Low Interest Rates, CEPR Press, London. https://cepr.org/chapters/monetary-policy

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Bean, C, C Broda, and T Ito (2015), “Policies and prospects“, in R Kroszner (eds), Geneva 17: Low for Long? Causes and Consequences of Persistently Low Interest Rates, CEPR Press, London. https://cepr.org/chapters/policies-and-prospects