Why are interest rates so low (III)*
Some days ago Bernanke published the third piece in the series, where he begins to outline his explanation of why interest rates are so low. Not surprisingly, his first suspect turns out to be "Global…
Why are interest rates so low (II)
I take up the second part of Ben Bernanke's analysis of why interest rates are so low. He rejects the "secular stagnation" hypothesis advanced, among other, by Larry Summers (see here for more…
Why are interest rates so low (I)
I have been thinking at the question in the title for a while, unable to find a convicing answer. Today I discovered that Ben Bernanke believes has an answer, which serves, if I do not read it wrong,…