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 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 info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
More on Economics
Mexico needs reform to fulfil potential – Dallas Fed paper
Anti-trust measures, easier market entry and FDI should aid growth, researchers say
Energy shocks create monetary policy trade-off, paper says
Rate-setters should consider energy prices’ impact on jobless, Bank of Italy paper finds
European banks less likely to lend to green firms, says ECB paper
Public guarantee loans can help lower-carbon firms access bank credit, research finds
Fed policy-makers disagree over risks
Williams and Goolsbee say policy is restrictive but Logan takes different view
High interest puts pressure on US cattle farms – research
Wildfires and rising input prices are exacerbating factors, Kansas City Fed research says
Central banks need caution in easing policy, IMF says
World Economic Outlook says most indicators still point to soft landing
Bernanke calls for total redesign of BoE forecasting
Report calls for major changes to infrastructure, core models, staffing, communications and more
Bank of England: time for fourth-generation forecasting tools?
Economists suggest ways to improve BoE’s framework ahead of Bernanke’s report
Most read
- ECB says iPhone is currently incompatible with digital euro
- Supervisors grapple with the smaller bank dilemma
- Central bank of the year: Central Bank of Brazil