DNB paper says eurozone investment-saving curve flatter in recent years
Expansionary monetary policy has been less effective in the eurozone during the period of persistently low interest rates, a working paper published by the Netherlands Bank finds.
In Macroeconomic reversal rate: evidence from a nonlinear IS curve, Jan Willem van den End et al look at how the investment-saving (IS) curve is affected by low interest rates.
The authors look at data on the eurozone from 1999 to 2019, describing it as having “two distinct regimes” in this period – ‘normal’ and ‘low
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