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Low long-term rates: bond bubble or symptom of secular stagnation? Bruegel Policy Contribution Issue n˚15 | 2016

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
    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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