Heterodox
Important. The rate of return on capital plays a pivotal role in shaping current macroeconomic debates. This column presents findings from a new dataset covering returns of major asset classes in the advanced economies over the last 150 years. The data offer new insights on several long-standing puzzles in economics, and uncover new relationships that seem at odds with some fundamental economic tenets. VOX - CEPR's Policy Portal The rate of return on everything Òscar Jordà, Katharina...
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