Jesper Rangvid, "How Low Interest Rates Change the World: Global Trends Caused by Low Rates and Emerging Factors Shaping the Future of Rates" (Oxford UP, 2025)

About this episode

The episode discusses how low interest rates have shaped global trends and their future implications.

⁠How Low Interest Rates Change the World: Global Trends Caused by Low Rates and Emerging Factors Shaping the Future of Rates⁠ (Oxford UP, 2025) explores the societal impact of changing interest rates. Taking its starting point in the remarkable four-decade decline in global interest rates from 1980 to 2020, the book examines five global trends it caused, the underlying factors that drove interest rates lower, and emerging trends likely to shape the future path of interest rates. The book contends that the steady decline in interest rates around the world from 1980 to 2020 played a pivotal role in shaping five significant global trends during the same period: soaring debt levels, escalating housing prices, surging stock markets, widening economic inequality, and increased financial risk-taking. The book also explores emerging factors likely to shape the future trajectory of interest rates. While demographic trends may keep rates low, other forces, such as rising public debt, can push them higher. The book offers its perspective on the interaction of these opposing trends, and presents its view on the future evolution of interest rates. How Low Interest Rates Change the World is a…

People in this episode

Host: Marshall Poe

Guest: Jesper Rangvid

Topics covered

• interest rates
• global trends
• economic impact
• financial risk
• housing prices
• economic inequality

Keywords

• low interest rates
• global trends
• debt levels
• housing prices
• economic inequality
• financial markets
• demographic trends

Mentioned in this episode

Organizations: Oxford UP

Books & works: How Low Interest Rates Change the World

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