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Tiefzinsumfeld und Investitionen

Real interest rates have been declining worldwide since the mid-1980s. In this study, we empirically examine the causes and effects of this development. The research design consists of two parts. In the first step, a comparative multi-country study is conducted, which allows us to analyze the determinants of real interest rates since 1870. In the second step, the impact of falling real interest rates on consumption, saving and investment decisions is examined using household and business surveys.


Currently there are no publications available for this project

Project start:
01. July 2020

Project end:
31. May 2021

Project management:
Prof. Dr. Torsten Schmidt

Project staff:
Niklas Isaak, Dr. Philipp Jäger

Staatssekretariat für Wirtschaft