¿Por qué las tasas de interés son tan bajas?+

Abstract

The low interest rates are a global anomaly that was patented after the outbreak of the so-called “Great Recession”. However, a little more than eight years away from the epiphenomenon of the low cost of capital, this trend does not appear to have changed significantly (despite recent attempts by the United States to reverse this cycle), which means working under new conditions of operation and design of economic policies for the future. The present paper seeks to develop the different explanatory hypotheses that infer the low interest rates both in current dates and in the years to come. Within the main ideas is given particular importance to the hypothesis of secular stagnation, understood as a permanent gap between the neutral interest rate of the economy with the interest rate used by central banks. In the conclusions, some possible lines of research are cited, same that are derived from explaining the low interest rates from the perspective of secular stagnation.