Claeys, Grégory, (2016), “Low long-term rates: bond bubble or symptom of secular stagnation?”, Bruegel, 26 Σεπτεμβρίου
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 trates justified by fundamental factors or is it an artificial phenomenon?
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- Kozlowski, Julian, Veldkamp, Laura, Venkateswaran, Venky, (2016), “The tail that wags the economy: The origin of secular stagnation”, VoxEu, 11 Σεπτεμβρίου
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