Rising long-term interest rates: Is the European bond market overshooting?
Djupanalys
15-05-2017
We find a wide range of effects from rising interest rates, mostly small and mostly negative, focused on investment spending, debt service costs and shrinking fiscal space. The recommendation for the ECB is not to react till the emerging European recovery is on a firmer basis. There is also the worry that rising/overshooting interest often reflect the fact that inflation risks are unequally distributed: larger in some places, but offset by their absence elsewhere. That is a matter for domestic policy, not ECB policy.
Djupanalys
Extern avdelning
Andrew HUGHES HALLETT (Department of Economics, Copenhagen Business School)
Om detta dokument
Publikationstyp
Sökord
- Amerika
- EKONOMI
- ekonomisk analys
- ekonomisk analys
- ekonomisk geografi
- euroobligation
- euroområdet
- Europa
- FINANSER
- finansiell risk
- finansiering
- finansiering och investering
- fri rörlighet för kapital
- Förenade kungariket
- Förenta staterna
- GEOGRAFI
- kredit- och finansinstitut
- kreditkostnad
- medlemsstat i EU
- monetära förhållanden
- nationalräkenskaper
- penningväsen
- politisk geografi
- ränta
- sparmedel