The paper is titled: "Productivity Growth and Real Interest Rates in the Long Run"Textbook macroeconomic theory predicts a positive relationship between productivity and real interest rates; last year, our researcher found a negative correlation https://t.co/xEgeN5E7nc pic.twitter.com/opmmKLIh76— ClevelandFedResearch (@ClevFedResearch) October 26, 2018
Friday, October 26, 2018
Cleveland Fed: "Textbook macroeconomic theory predicts a positive relationship between productivity and real interest rates; last year, our researcher found a negative correlation"
From the Federal Reserve Bank of Cleveland's Twitter feed: