Why has ECB's very accommodative monetary policy not yet triggered a rebound of investment? : monetary dialogue 21 June 2016 : compilation of notes

As one of the most dynamic components of demand, the rebound of investment is key for a sustained euro-area the recovery. However, in spite of ECB's very accommodative monetary policy, attractive financing conditions and a still large investment gap compared to pre-crisis levels (albeit with considerable crosscountry heterogeneity), companies remain very reluctant to step up investment plans. The compilation of notes requested by the Committee on Economic and Monetary Affairs as an input for the June 2016 session of the Monetary Dialogue provide an in-depth analysis on the key factors behind the persistent weakness of euro-area investment and discuss policy options to foster investment spending.