The country with the highest inflation get the lowest real rate.
With a common currency all have the same nominal interest rate. Therefore the country with the highest inflation get the lowest real rate.
The country with perhaps deflation will get the highest real rate.
Obvious?
Stefan de Vylder wrote that in 2002.
Did anyone write it before?
The country with perhaps deflation will get the highest real rate.
Obvious?
Stefan de Vylder wrote that in 2002.
Did anyone write it before?
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