Bank of Greece: Speech by Dimitris Malliaropoulos, Chief Economist and Director of Economic Analysis & Research at the Bank of Greece
One of the most striking features of today’s macroeconomic environment is the exceptionally low level of both nominal and real interest rates worldwide, especially in advanced economies. The downward trend in interest rates began in the early 1980s and coincided with a strong and sustained reduction in inflation and a period of low macroeconomic volatility […]