Investment in the Euro Area : Why Has It Been Weak?

Why Has It Been Weak?

Investment in the Euro Area : Why Has It Been Weak?
Investment across the euro area remains below its pre-crisis level. Its performance has been weaker than in most previous recessions and financial crises. This paper shows that a part of this weakness can be explained by output dynamics, particularly before the European sovereign debt crisis. The rest is explained by a high cost of capital,... READ MORE...

Publication date: February 2015
ISBN 9781498364805
$18.00

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Publication date: February 2015

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Publication date: February 2015

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