1 rich Libsyn https://www.libsyn.com 90 600 Paul Schmelzing is an economic historian, a visiting scholar at the Bank of England and a postdoc at the Yale University School of Management. Paul has written an influential new paper on the long history of interest rates titled, &quot;Eight centuries of global real interest rates, R-G, and the ‘suprasecular’ decline, 1311–2018.&quot; Specifically, Paul and David discuss the implications of this paper’s findings for secular stagnation theory, Thomas Piketty’s inegalitarian wealth spiral, and for macroeconomic policy more generally. &amp;nbsp; Transcript for the episode can be found here: https://www.mercatus.org/bridge/tags/macro-musings &amp;nbsp; Paul’s Twitter: @paul_schmelzing Paul’s Harvard profile: https://scholar.harvard.edu/pfschmelzing/bio &amp;nbsp; Related Links: &amp;nbsp; * Eight Centuries of Global Real Interest Rates, R-G, and the ‘Suprasecular’ Decline, 1311–2018* by Paul Schmelzing https://www.bankofengland.co.uk/working-paper/2020/eight-centuries-of-global-real-interest-rates-r-g-and-the-suprasecular-decline-1311-2018 &amp;nbsp; David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth Macro Musings with David Beckworth http://macromarketmusings.blogspot.com/ <iframe title="Libsyn Player" style="border: none" src="//html5-player.libsyn.com/embed/episode/id/13268210/height/90/theme/custom/thumbnail/yes/direction/forward/render-playlist/no/custom-color/88AA3C/" height="90" width="600" scrolling="no" allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen></iframe> https://assets.libsyn.com/secure/content/65577419