The Low Interest Rates: a Legacy of the Financial Crisis or the Result of Something Else?
The 2008 Global Financial Crisis has come and gone. Since then, worldwide interest rates remain at an all-time low, yet economic growth remains sluggish. Theories have been put forward to explain the phenomena, two of which take a secular perspective, detached from the recent crisis. This paper employs an explorative style of examining two historical datasets with the staging point of the real int