The U.S. economy finally seems to be climbing out of the deep hole it entered during the global financial crisis. Unfortunately, Europe, the other epicenter of crisis, can’t say the same. Unemployment in the euro area is stalled at almost twice the U.S. level, while inflation is far below both the official target and outright deflation has become a looming risk.Investors have taken notice: European interest rates have plunged, with German long-term bonds yielding just 0.7 percent. That’s the kind of yield we used to associate with Japanese deflation, and markets are indeed signaling that they expect Europe to experience its own lost decade.
Blogs I Follow
- What an unfortunate example to use to explain reverse correlation technique in social psychology
- Great article by Emily Oster and Geoffrey Kocks on vaccination in California
- U.S. military… random thoughts
- Neuroeconomics of limitations of cognitive processing probably where all the action is… “attention” is the byword
- Importing an Excel file that is too big for Stata
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