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Das gegenwärtige Niedrigzinsumfeld aus Sicht der Sparkassen
Wolgast, Michael - In: Vierteljahrshefte zur Wirtschaftsforschung 85 (2016) 1, pp. 11-29
current macroeconomic environment in the aftermath of the financial and economic crisis of 2008, even if an alleged “savings … the traditional German values of precaution, provision and savings—the Sparkultur, which has for more than 200 years been …
Persistent link: https://www.econbiz.de/10011739540
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Sparen, Sparkultur und die neuen Wege der Geldpolitik
Fahrenschon, Georg - In: Credit and Capital Markets – Kredit und Kapital 50 (2017) 2, pp. 121-129
sogenannten Sparschwemme oder "savings glut" als Erklärungsansatz niedriger Zinsen wird eine Absage erteilt. Gerade in Deutschland … especially important to save more. It will be important, however, to channel the volume of savings into profitable investments … devastating effects which are associated with a prolonged low-interest-rate environment and a long-term decline in savings rates …
Persistent link: https://www.econbiz.de/10014522246
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Die Auswirkungen von Niedrigzinsen und unkonventionellen geldpolitischen Maßnahmen auf die Vermögensverteilung
Demary, Markus; Niehues, Judith - 2015
Die krisenhaften Entwicklungen seit dem Jahr 2008 haben es für die großen Zentralbanken notwendig gemacht, ihre Leitzinsen auf nahezu Null zu senken. Gleichzeitig bekunden die Zentralbanken, dass sie die Zinsen noch für eine ausgedehnte Zeit niedrig halten werden. In einem solchen Umfeld von...
Persistent link: https://www.econbiz.de/10011282630
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Die Auswirkungen von Niedrigzinsen und unkonventionellen geldpolitischen Maßnahmen auf die Vermögensverteilung
Demary, Markus; Niehues, Judith - 2015
Die krisenhaften Entwicklungen seit dem Jahr 2008 haben es für die großen Zentralbanken notwendig gemacht, ihre Leitzinsen auf nahezu Null zu senken. Gleichzeitig bekunden die Zentralbanken, dass sie die Zinsen noch für eine ausgedehnte Zeit niedrig halten werden. In einem solchen Umfeld von...
Persistent link: https://www.econbiz.de/10011284256
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The Canadian neutral rate of interest through the lens of an overlapping-generations model
Kuncl, Martin; Matveev, Dmitry - 2023
The neutral rate of interest is an important concept and communication tool for central banks. We develop a small open economy model with overlapping generations to study the determinants of the neutral real rate of interest in a small open economy. The model captures domestic factors such as...
Persistent link: https://www.econbiz.de/10014541752
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Gazing at r-star: A hysteresis perspective
Beaudry, Paul; Kartashova, Katya; Meh, Césaire Assah - 2023
Many explanations for the decline in real interest rates over the last 30 years point to the role that population aging or rising income inequality plays in increasing the long-run aggregate demand for assets. Notwithstanding the importance of such factors, the starting point of this paper is to...
Persistent link: https://www.econbiz.de/10014544603
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The Canadian neutral rate of interest through the lens of an overlapping-generations model
Kuncl, Martin; Matveev, Dmitry - 2023
The neutral rate of interest is an important concept and communication tool for central banks. We develop a small open economy model with overlapping generations to study the determinants of the neutral real rate of interest in a small open economy. The model captures domestic factors such as...
Persistent link: https://www.econbiz.de/10014232633
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Gazing at r-star : a hysteresis perspective
Beaudry, Paul; Kartashova, Katya; Meh, Césaire Assah - 2023 - Last updated: January 12, 2023
Many explanations for the decline in real interest rates over the last 30 years point to the role that population aging or rising income inequality plays in increasing the long-run aggregate demand for assets. Notwithstanding the importance of such factors, the starting point of this paper is to...
Persistent link: https://www.econbiz.de/10013482643
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Monetary policy, credit institutions and the bank lending channel in the euro area
Altavilla, Carlo; C. Andreeva, Desislava; Boucinha, Miguel - 2019
As the euro area has a predominantly bank-based financial system, changes in the composition and strength of banks' balance sheets can have very sizeable implications for the transmission of monetary policy. This paper provides an overview of developments in banks' balance sheets, profitability...
Persistent link: https://www.econbiz.de/10012141418
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Monetary policy, credit institutions and the bank lending channel in the euro area
Altavilla, Carlo; Andreeva, Desislava Č.; Boucinha, Miguel - 2019
As the euro area has a predominantly bank-based financial system, changes in the composition and strength of banks’ balance sheets can have very sizeable implications for the transmission of monetary policy. This paper provides an overview of developments in banks’ balance sheets,...
Persistent link: https://www.econbiz.de/10012009071