Reuters; Design: PIIE/Nia Kitchin
Summers and Blanchard debate the future of interest rates
Neutral interest rates—the theoretical rates promoting full employment and low inflation—declined after 1980 but have climbed recently as inflation has surged. In a virtual event March 7, Olivier Blanchard and Lawrence H. Summers assess whether high rates will persist, as Summers argues, or will fall once inflation is tamed, as Blanchard contends.
EYEPRESS via Reuters Connect
REUTERS/Emilie Madi
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