• Kenneth Rogoff


The Long Mystery of Low Interest Rates. Kenneth Rogoff, April 4, 2013, Opinion. "As policymakers and investors continue to fret over the risks posed by today’s ultra-low global interest rates, academic economists continue to debate the underlying causes. By now, everyone accepts some version of US Federal Reserve Chairman Ben Bernanke’s statement in 2005 that a “global savings glut” is at the root of the problem. But economists disagree on why we have the glut, how long it will last, and, most fundamentally, on whether it is a good thing. Bernanke’s original speech emphasized several factors – some that decreased the demand for global savings, and some that  ..." Link verified April 4, 2014