Peter ElstonSep 1, 20163 minMacroAn Interesting Essay by San Francisco Fed President, John Williams Having written about secular stagnation and the natural rate of interest in my August letter, it was interesting to see San Francisco Fed...
Peter ElstonAug 1, 20163 minMacroSecular Stagnation and the Natural Rate of Interest One of the most interesting features of global financial markets over the last 20 years has been the inexorable decline in long-term real...