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How High Are the Costs of the ECB’s Low-Interest Rate Policy for Germany?

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  • Gerhard Rösl
  • Karl-Heinz Tödter

Abstract

Nominal interest rates in the euro area have been forced down to historically low levels since spring 2010 thanks to a sweeping policy of cheap money. Gerhard Rösl, Ostbayerische Technische Hochschule Regensburg and Karl-Heinz Tödter, Bundesbank director, look at the costs of this monetary policy.

Suggested Citation

  • Gerhard Rösl & Karl-Heinz Tödter, 2015. "How High Are the Costs of the ECB’s Low-Interest Rate Policy for Germany?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 68(07), pages 43-50, April.
    • Handle: RePEc:ces:ifosdt:v:68:y:2015:i:07:p:43-50
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    References listed on IDEAS

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    More about this item

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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