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The 40 Year Decline in Interest Rates

Thursday, March 31 at 1:00 PM ET

This is a free event, but seats may be limited.

In July 1981, the Federal Funds rate was 19.1%. In the subsequent four decades, the United States, along with much of the rest of the world, has seen a steady and seemingly inexorable march to zero. Even before the pandemic, interest rates were historically low. In this session, Greg Mankiw will look at the causes and effects of this long decline. He will discuss what does it mean for the nation’s fiscal policy and for your retirement planning.

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Greg Mankiw

Professor of Economics, Harvard

N. Gregory Mankiw is the Robert M. Beren Professor of Economics at Harvard University. He began his study of economics at Princeton University, where he received an A.B. in 1980. After earning a Ph.D. in economics from MIT, he began teaching at Harvard in 1985 and was promoted to full professor in 1987. At Harvard, he has taught both undergraduate and graduate courses in macroeconomics.

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Greg Mankiw

Professor of Economics, Harvard

N. Gregory Mankiw is the Robert M. Beren Professor of Economics at Harvard University. He began his study of economics at Princeton University, where he received an A.B. in 1980. After earning a Ph.D. in economics from MIT, he began teaching at Harvard in 1985 and was promoted to full professor in 1987. At Harvard, he has taught both undergraduate and graduate courses in macroeconomics.

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Greg Mankiw

Professor of Economics, Harvard

N. Gregory Mankiw is the Robert M. Beren Professor of Economics at Harvard University. He began his study of economics at Princeton University, where he received an A.B. in 1980. After earning a Ph.D. in economics from MIT, he began teaching at Harvard in 1985 and was promoted to full professor in 1987. At Harvard, he has taught both undergraduate and graduate courses in macroeconomics.

Learn More