The other scenarios are constructed by adjusting some of the hypotheses in the baseline scenario. Yield shock: r increases by 1 percentage point in 2018, converging to 3.5% in about 20 years. Higher growth: g=2.5%. Lower growth and primary surplus: g=0.5% and D=1.5%. Lower growth: g=0.5%. 12  References Auer R., Borio C. and Filardo A.
In December 2019, the European Commission proposed a European Green Deal, subsequently endorsed by the European Council, that calls for zero net emissions of greenhouse gasses by 2050. This goal enjoys broad public[8] and political support, and the concrete measures required to meet it are now being fleshed out.