{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Paul Schmelzing on the \u2018Suprasecular\u2019 Decline of Global Real Interest Rates","description":"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 \u2018suprasecular\u2019 decline, 1311\u20132018.&quot; Specifically, Paul and David discuss the implications of this paper\u2019s findings for secular stagnation theory, Thomas Piketty\u2019s 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\u2019s Twitter: @paul_schmelzing Paul\u2019s 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 \u2018Suprasecular\u2019 Decline, 1311\u20132018* 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\u2019s blog: macromarketmusings.blogspot.com David\u2019s Twitter: @DavidBeckworth ","author_name":"Macro Musings with David Beckworth","author_url":"http:\/\/macromarketmusings.blogspot.com\/","html":"<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>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/content\/65577419"}