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Demographics and Real Interest Rates: Inspecting the Mechanism (Carvalho et al.)
out 6, 2021, 9:26 AM 0
Demographics and Real Interest Rates: Inspecting the Mechanism by Carlos Carvalho, Andrea Ferrero, Fernanda Nechio published by Departamento de economia da PUC/Rio (3/2016). The demographic transition can affect the equilibrium real interest rate through three channels. An increase in…