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Noah Garcia


Twitter: @thenoahgarcia

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Chart of the week: Real interest divergence weighs on growth

The real interest rate divergence in the Euro Area has recently generated new attention. Real interest rates fell quite substantially in the crisis up to the end of 2011, but have been rising since then. Economic theory would suggest that persistent divergences in such real rates should have had an effect on economic growth performance. 

By: Noah Garcia and Guntram B. Wolff Topic: Macroeconomic policy Date: October 24, 2014