Claeys, Grégory, (2016), “Low long-term rates: bond bubble or symptom of secular stagnation?”, Bruegel, 26 September
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?
Relevant Posts
- Kozlowski, Julian, Veldkamp, Laura, Venkateswaran, Venky, (2016), “The tail that wags the economy: The origin of secular stagnation”, VoxEu, 11 September
- Rachel, Łukasz, D. Smith, Thomas, (2016), “Towards a global narrative on long-term real interest rates”, Voxeu, 15 January