npub10kcanyrevwyaafkmcjkh2zcaz8tg9ujc3f4xn74ef5dp5vwptjnqqmqjyy (npub10kc…qjyy)
Its a really interesting issue - real (as opposed) to nominal interest rates have generally (I recall too) been negative... but as Keynes pointed out in his discussion of money illusion, given that often interest rates are targeting sentiment rather than actual market activity, that may not matter so much?
But its an interesting set of issues... and see this IMF blog that would seem to suggest a longish period of positive real interest rates around the 1980s
https://www.imf.org/en/Blogs/Articles/2023/04/10/interest-rates-likely-to-return-towards-pre-pandemic-levels-when-inflation-is-tamed
Emeritus Prof Christopher May /
npub1hr…f2ktj
2024-03-22 07:59:22
in reply to nevent1q…d4d0
Author Public Key
npub1hr0x0gm9ksmvuvqwkyzfjuczv9pln83axuftxfhnq2maday69ypqtf2ktjPublished at
2024-03-22 07:59:22Event JSON
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"content": "nostr:npub10kcanyrevwyaafkmcjkh2zcaz8tg9ujc3f4xn74ef5dp5vwptjnqqmqjyy \n\nIts a really interesting issue - real (as opposed) to nominal interest rates have generally (I recall too) been negative... but as Keynes pointed out in his discussion of money illusion, given that often interest rates are targeting sentiment rather than actual market activity, that may not matter so much?\n\nBut its an interesting set of issues... and see this IMF blog that would seem to suggest a longish period of positive real interest rates around the 1980s\n\nhttps://www.imf.org/en/Blogs/Articles/2023/04/10/interest-rates-likely-to-return-towards-pre-pandemic-levels-when-inflation-is-tamed",
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