Monetary regimes drive real rates, BIS paper finds

bis-centralbahnplatz-tower-2

Research published by the Bank for International Settlements presents new evidence that monetary regimes, rather than factors in the real economy, may be the most important drivers of real interest rates.

Why so low for so long? A long-term view of real interest rates, published on December 19, looks for causal factors behind low real rates in data going back as far as 1870. The long sample helps to show that some factors are only significant for sub-periods, write authors Claudio Borio, Piti

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.