What factors are behind the recent rise in long-term interest rates?

Quels facteurs expliquent la récente hausse des taux d’intérêt longs ?

Christophe Blot (), Jerome Creel, Paul Hubert and Fabien Labondance
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Christophe Blot: OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po

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Abstract: Since the onset of the financial crisis, long-term sovereign interest rates in the euro zone have undergone major fluctuations and periods of great divergence between the member states, in particular between 2010 and 2013 (Figure 1). Long-term rates began to fall sharply after July 2012 and Mario Draghi's famous "whatever it takes". Despite the implementation and expansion of the Public Sector Purchase Programme (PSPP) in 2015, and although long-term sovereign interest rates remain at historically low levels, they have recently risen. [First paragraph]

Keywords: Interest rates; Euro zone; Sovereign interest rates; Taux d'intérêt; Taux souverains; Zone Euro (search for similar items in EconPapers)
Date: 2017-06-06
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Published in 2017

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Working Paper: What factors are behind the recent rise in long-term interest rates? (2017)
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