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The Price of Money: A Guide to the Past, Present, and Future of the Natural Rate of Interest by Jamie Rush, Tom Orlik, Stephanie Flanders — Free eBook

• Page: 208
• Format: pdf / epub / kindle
• ISBN: 9780197800904
• Publisher: Oxford University Press

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An accessible guide to the natural rate of interest, why it is likely going up, and what that means for the future of the global economy and markets.

Ask most people who sets interest rates, and they'll say it's the central bank. At a fundamental level, though, decisions by the Federal Reserve, European Central Bank, and their peers around the world are constrained by the natural rate of interest. The natural rate - the interest rate that balances supply of saving and demand for investment,...