Publication
18 Nov 2014
This brief argues that even though investment has declined in the euro area since the start of the economic and financial crisis in 2008, it does not mean that there is an investment gap because investments were already above a sustainable level due to the credit boom before the crisis erupted. The author concludes that increasing the investment rate in the euro area might be the wrong target for economic policy and recommends an increase in consumption instead.
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English (PDF, 12 pages, 664 KB) |
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Author | Daniel Gros |
Series | CEPS Policy Briefs |
Issue | 326 |
Publisher | Centre for European Policy Studies (CEPS) |
Copyright | © 2014 Centre for European Policy Studies (CEPS) |