Ultra-low/Negative yields on euro-area long-term bonds: reasons and implications for monetary policy
Analyse approfondie
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.
Analyse approfondie
Auteur externe
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)
À propos de ce document
Type de publication
Mot-clé
- banque
- Banque centrale européenne
- financement à long terme
- FINANCES
- institutions de l'Union européenne et fonction publique européenne
- institutions financières et crédit
- investissement de l'UE
- investissement et financement
- libre circulation des capitaux
- marché financier
- obligation financière
- politique monétaire unique
- relations monétaires
- stabilité financière
- UNION EUROPÉENNE
- zone euro
- économie monétaire