If there are misfinanced (too much short - term borrowing) or over-indebted areas of the economy, there can be
considerable economic failure with a flat or inverted yield curve.
If there are misfinanced (too much short - term borrowing) or over-indebted areas of the economy, there can be
considerable economic failure with a flat or inverted yield curve.
One reason for this
failure is arguably that although unemployment has increased in many rich democracies, this has not made it is easier for center - left parties to reconcile the interests of insiders and outsiders: it is not possible to win elections without
considerable support from insiders, who, in many countries, have not faced a significant risk of unemployment even in the difficult
economic circumstances since 2008.