Scarcity of Safe Assets and Global Neutral Interest Rates
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Board of Governors of the Federal Reserve System International Finance Discussion Papers Number 1293 July 2020 Scarcity of Safe Assets and Global Neutral Interest Rates Thiago Ferreira and Samer Shousha Please cite this paper as: Ferreira, Thiago and Samer Shousha (2020). "Scarcity of Safe Assets and Global Neu-tral Interest Rates," International Finance Discussion Papers 1293. Washington: Board of Governors of the Federal Reserve System,https://doi.org/10.17016/IFDP.2020.1293. NOTE: International Finance Discussion Papers (IFDPs) are preliminary materials circulated to stimu-late discussion and critical comment. The analysis and conclusions set forth are those of the authors and...