Facing The Long-Term Problem Of Low Interest Rates

Interest rates have been declining for several decades, both in the US economy and around the world. Why has this happened, what problems is it causing, and what monetary and fiscal policy responses might be appropriate? Elga Bartsch, Agnès Bénassy-Quéré, Giancarlo Corsetti and Xavier Debrun tackle many of these issues in “It’s All in the Mix: How Monetary and Fiscal Policies…