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This paper examines the real return that households in large euro area countries achieved with their financial portfolios since the onset of the euro. A newly compiled dataset shows that, contrary to widespread belief, overall real returns did not decline in the low interest environment. Indeed...
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This paper examines whether household portfolio structures change in favour of riskier assets when interest rates fall …
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Economic insecurity and poverty represent a growing problem in the European Community today, with the re-emergence of … absolute poverty on a scale unknown since the 1940's. Are we creating a new “underclass” in the midst of our still prosperous …
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