Is secular stagnation - a period of persistently lower growth such as that seen following the financial crisis of 2008 … twelve euro-area countries to provide country-level answers to the question of secular stagnation. The presence of secular … stagnation in a number of euro-area countries has important implications for ECB decision-making (i.e., voting power in the …

growth, a phenomenon known as secular stagnation? We tackle this question by estimating equilibrium real interest rates and … a period of secular stagnation. … Wirtschaftswachstums, ein Phänomen, welches unter dem Namen säkulare Stagnation bekannt ist? Wir widmen uns dieser Frage, indem wir …

The fiscal consolidation efforts of Spain, Italy, and Portugal from 2010 to 2014 did not achieve their goal of reducing …

evaluates empirically the effects of public expenditure and interest rate setting on equilibrium income in Italy from 1998 to …

, government bond yields and credit availability and then map them onto macroeconomic implications using the Bank of Italy …

In the first phase of the Monetary Union the discussion focused on advantages and disadvantages related to the Eurozone …, only the inflation goal was fulfilled; but the Eurozone went even further: now the problem is deflation, that is damaging … summer of 2011, some bearish operations on government bonds have put in a corner Italy, Spain, Greece and Portugal. In the …

in Germany and Italy, which are characterized by a large number of banks; but it is very weak in Spain and more … savings banks with smaller size in Italy. Third, heterogeneity across groups of banks belonging to the same category in any …

This paper shows that the eurozone payment system does not effectively protect member states from speculative attacks …. TARGET2 cannot inhibit this drain but only protects central bank assets. Evidence presented here suggests that a run on Italy … distributive effects of an orderly eurozone dissolution. …

This paper shows that the eurozone payment system does not effectively protect member states from speculative attacks …. TARGET2 cannot inhibit this drain but only protects central bank assets. Evidence presented here suggests that a run on Italy … distributive effects of an orderly eurozone dissolution. …