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.
Publications
Project start:
01. July 2020
Project end:
31. May 2021
Project management:
Prof. Dr. Torsten Schmidt
Project staff:
Niklas Isaak,
Dr. Philipp Jäger
Funding:
Staatssekretariat für Wirtschaft