TY  - BOOK
AU  - Heiko Schmolke
PY  - 2017
CY  - Hamburg, Germany
PB  - Anchor Academic Publishing
SN  - 9783960676195
TI  - The Low Interest Rate Policy of the European Central Bank. Are European Savers being expropriated?
UR  - https://m.anchor-publishing.com/document/356902
N2  - Central banks around the world have lowered their key interest rates to historical lows and implemented large asset purchase programs in the past few years. Within the scientific and, most recently, also increasingly in the political debate, the nominal interest rate is mainly the subject of discussion. The question is often raised whether saving and retirement provision are still worthwhile for private households, especially in Germany. In this context it is often ignored or not considered that the purchasing power of the nominal interest rates fluctuates considerably with the inflation rate. Inflation-adjusted real interest rates are therefore decisive for the actual income from financial assets and crucial for the savings and investment behavior. This study, therefore, shall play ist part to investigate scientifically the influence and correlation of low and negative key interest rates on yield levels of selected asset classes within the sphere of influence of the European Central Bank. In this context, the mainly populist question is also answered whether savers are expropriated slowly.
KW  - Low Interest Rates, European Central Bank, Expropriation, Savers, Monetary Policy, Creeping Expropriation, Yield Level, Interest Rate, Savings Behavior
LA  - English
ER  -