Ultra-low/Negative yields on euro-area long-term bonds: reasons and implications for monetary policy
In-Depth Analysis
15-09-2016
The notes in this compilation discuss the main factors underlying the extraordinary low levels of long-term rates across the euro area, assess the risks for financial stability and the implications for ECB monetary policy. The notes have been requested by the Committee on Economic and Monetary Affairs as an input for the September 2016 session of the Monetary Dialogue.
In-Depth Analysis
External author
Daniel GROS (CEPS, Centre for European Policy Studies), Jacob Funk KIRKEGAARD (PIIE, Peterson Institute for International Economics), Andrew HUGHES HALLETT (University of St Andrews), Grégory CLAEYS (Bruegel)
About this document
Publication type
Keyword
- bank
- bond
- EU institutions and European civil service
- EU investment
- euro area
- European Central Bank
- EUROPEAN UNION
- FINANCE
- financial institutions and credit
- financial market
- financial stability
- financing and investment
- free movement of capital
- long-term financing
- monetary economics
- monetary relations
- single monetary policy