Let me show you some indicators. 1  See G. Moëc (2013), “The trouble with SMEs – no quick fix”, Deutsche Bank research note, 8 March. 2  In non-OECD countries, the welfare gains of international capital mobility are however found to be much smaller than those of a take-off in domestic productivity, see P.O.
This maturity extension program – referred to by some as Operation Twist – should exert downward pressure on longer-term interest rates and help make broader financial conditions more accommodative, thereby supporting a stronger economic recovery.