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Is the Euro area as a whole, or are individual Euro-area member countries facing a period of sustained lower economic growth, a phenomenon known as secular stagnation? We tackle this question by estimating equilibrium real interest rates and comparing them to actual real rates. Since the...
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Is the Euro area as a whole, or are individual Euro-area member countries facing a period of sustained lower economic growth, a phenomenon known as secular stagnation? We tackle this question by estimating equilibrium real interest rates and comparing them to actual real rates. Since the...
Persistent link: https://www.econbiz.de/10011799334
Is the Euro area as a whole, or are individual Euro-area member countries facing a period of sustained lower economic growth, a phenomenon known as secular stagnation? We tackle this question by estimating equilibrium real interest rates and comparing them to actual real rates. Since the...
Persistent link: https://www.econbiz.de/10011894437
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signifikant höhere Sollzinsen als ihre Wettbewerber im Kern der Eurozone (z.B. Deutschland, Frankreich). Und diese Divergenz wird …
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