Real Interest Rates Frequency Distributions
Figure 2: Real Interest Rates Frequency Distributions: Advanced Economies, 1945-2011
Treasury bill rates
Sources: Reinhart and Sbrancia (2011), International Financial Statistics, International Monetary Fund, various sources listed in the Data Appendix, and authors’ calculations. Notes: The advanced economy aggregate is comprised of: Australia, Belgium, Canada, Finland, France, Germany, Greece, Ireland, Italy,
Japan, New Zealand, Sweden, the United States, and the United Kingdom.
Interest rates for 2011 only reflect monthly observations through February.