It is frequently claimed that unconventional monetary policy with zero interest rates is conducive to a recovery in investment, since, by definition, financial conditions are easing. But is there any evidence for this assertion?
Global investment remains subdued
In short, the evolution of investment over the last years shows the following trends:
The level of non-residential gross fixed investment in advanced economies as a percentage of GDP has fallen significantly, from 10.5% of GDP in
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