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Below Is the Three-Year Bond Real Interest Rate from 2000-2012

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Below is the three-year bond real interest rate from 2000-2012. Explain why the real interest rate is positive for most of the 2000s and what explains it being negative in 2008-2009 and 2011-2012.
Figure 8.2: Three-Year Bond Real Interest Rate: 2000-2012 Below is the three-year bond real interest rate from 2000-2012. Explain why the real interest rate is positive for most of the 2000s and what explains it being negative in 2008-2009 and 2011-2012. Figure 8.2: Three-Year Bond Real Interest Rate: 2000-2012    (Source: Federal Reserve Economic Data, St. Louis Federal Reserve)
(Source: Federal Reserve Economic Data, St. Louis Federal Reserve)


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