Manganelli, Simone; Wolswijk, Guido - In: Economic Policy 24 (2009) 04, pp. 191-240
"Spreads between euro area government bond yields are related to short-term interest rates, which are in turn related to market liquidity, to cyclical conditions, and to investors' incentives to take risk. In theory, lower interest rates are associated with lower degrees of risk aversion and...
