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The cyclical and structural determinants of the low interest rate environment

Author

Listed:
  • B. De Backer

    (National Bank of Belgium)

  • J. Wauters

    (National Bank of Belgium)

Abstract
Why interest rates are low (don’t blame the central banks too fast!), and what can be done about it.

Suggested Citation

  • B. De Backer & J. Wauters, 2017. "The cyclical and structural determinants of the low interest rate environment," Economic Review, National Bank of Belgium, issue ii, pages 69-86, september.
    • Handle: RePEc:nbb:ecrart:y:2017:m:september:i:ii:p:69-86
    as

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    File URL: https://www.nbb.be/en/articles/cyclical-and-structural-determinants-low-interest-rate-environment
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    References listed on IDEAS

    as
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    2. Sébastien Fries & Jean‐Stéphane Mésonnier & Sarah Mouabbi & Jean‐Paul Renne, 2018. "National natural rates of interest and the single monetary policy in the euro area," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 33(6), pages 763-779, September.
    3. Holston, Kathryn & Laubach, Thomas & Williams, John C., 2017. "Measuring the natural rate of interest: International trends and determinants," Journal of International Economics, Elsevier, vol. 108(S1), pages 59-75.
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    Cited by:

    1. B. De Backer & M. Deroose & Ch. Van Nieuwenhuyze, 2019. "Is a recession imminent? The signal of the yield curve," Economic Review, National Bank of Belgium, issue i, pages 69-93, June.
    2. J. Boeckx & M. de Sola Perea & M. Deroose & G. de Walque & Th. Lejeune & Ch. Van Nieuwenhuyse, 2018. "What will happen when interest rates go up?," Economic Review, National Bank of Belgium, issue iii, pages 35-56, september.
    3. repec:nbb:ecrart:y:2017:m:september:i:iii:p:35-56 is not listed on IDEAS
    4. P. Butzen & S. Cheliout & N. Cordemans & E. De Prest & W. Melyn & L. Van Meensel & S. Van Parys, 2017. "Towards a new policy mix in the euro area ?," Economic Review, National Bank of Belgium, issue iii, pages 63-91, December.

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