Claeys, Grégory (2016) Low long-term rates: bond bubble or symptom of secular stagnation? Bruegel Policy Contribution Issue n˚15 | 2016. [Policy Paper]
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Abstract
Yields on European sovereign bonds have reached historically low levels in 2016. This secular decline in long-term sovereign yields is not limited to the euro area. Why are interest rates currently so low? Are low long-term rates justified by fundamental factors or is it an artificial phenomenon?
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Item Type: | Policy Paper |
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Subjects for non-EU documents: | EU policies and themes > Policies & related activities > economic and financial affairs > monetary policy |
Subjects for EU documents: | UNSPECIFIED |
EU Series and Periodicals: | UNSPECIFIED |
EU Annual Reports: | UNSPECIFIED |
Series: | Series > Bruegel (Brussels) > Policy Contributions |
Depositing User: | Phil Wilkin |
Official EU Document: | No |
Language: | English |
Date Deposited: | 27 Sep 2016 10:54 |
Number of Pages: | 14 |
Last Modified: | 27 Sep 2016 10:54 |
URI: | http://aei.pitt.edu/id/eprint/80017 |
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