In this episode we discuss 700 years of interest rates. 

Together with Paul Schmelzing (Harvard/Bank of England) we will find out why interest rates are continuously declining since the Middle Ages and why history is the perfect lab to study tail events. What kind of animal are interest rates? What drives long-term rates? And how is this trend a capital accumulation story equally relevant to monetary policy-makers and everyday investors?

Listen to the conversation and find out !