Eurozone’s demographics will continue to push interest rates down – paper

Structural policies will take time to reverse impact of adverse demographics, researchers say

The ECB's Frankfurt headquarters
Annabel Jeffery

The demography of the eurozone has depressed the region’s interest rates and will continue to do so unless policymakers act, a working paper published by the European Central Bank argues.

In On secular stagnation and low interest rates: demography matters, Giuseppe Ferrero, Marco Gross and Stefano Neri attempt an “empirical, panel equation system-based assessment” of how European population trends have affected real and nominal interest rates.

The authors present two counterfactual scenarios

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account