EU Fiscal Rules: A Look Back and the Way Forward

Klaus Regling ()
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Klaus Regling: European Stability Mechanism

Intereconomics: Review of European Economic Policy, 2022, vol. 57, issue 1, 8-10

Abstract: The decline of “natural real interest rates” during the last three decades is a common phenomenon in all advanced economies and can be explained by a number of structural factors: the downward trend in potential growth; population ageing, which has led to higher savings rates in many countries; and the rising inequality in the distribution of wealth, which also increases the average savings rate.

Keywords: E62; H6 (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1007/s10272-022-1020-2

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