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Section III. Prospects for the European Union

Published online by Cambridge University Press:  26 March 2020

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Abstract

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Type
The World Economy
Information
National Institute Economic Review , Volume 178 , October 2001 , pp. 31 - 43
Copyright
Copyright © 2001 National Institute of Economic and Social Research

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References

Notes

1 We have raised the equity premium in the US by twice as much as we have in other countries to generate this fall.

2 We judge this using the observed spread between indexed bonds and ordinary bonds in the US. Between 7th September and the 25th September a reduction of about 0.25 percentage points took place