Beffy, Pierre-Olivier; Bonnet, Xavier; Darracq Pariès, … - 2003 - [Elektronische Ressource]
surplus at the aggregate level).
1
For example, the ECB …
3
The ECB in its model uses a rate of depreciation of 1%, constant throughout the decade.
4
On the other hand, for … the most recent period, we use short-
term and long-term interest rate published in the ECB Monthly Bulletin. The real …