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“The German Saver” and the Low Policy Rate Environment

Author

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  • Gropp, Reint E.
  • Saadi, Vahid

Abstract

It is widely claimed that “the German saver” suffers (i.e. generates significantly lower returns on her savings) in the low interest environment that Germany currently experiences relative to a high interest rate environment. With “low interest rate environment”, the observers tend to mean “low policy rates”, i.e. the European Central Bank’s (ECB) main refinancing rate.

Suggested Citation

  • Gropp, Reint E. & Saadi, Vahid, 2015. "“The German Saver” and the Low Policy Rate Environment," IWH Online 9/2015, Halle Institute for Economic Research (IWH).
    • Handle: RePEc:zbw:iwhonl:92015
    as

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    File URL: https://www.econstor.eu/bitstream/10419/142210/1/io_2015-09.pdf
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    References listed on IDEAS

    as
    1. Reint Gropp & Christoffer Kok & Jung-Duk Lichtenberger, 2014. "The Dynamics of Bank Spreads and Financial Structure," Quarterly Journal of Finance (QJF), World Scientific Publishing Co. Pte. Ltd., vol. 4(04), pages 1-53.
    2. Eurosystem Household Finance and Consumption Network, 2013. "The Eurosystem Household Finance and Consumption Survey - Methodological report," Statistics Paper Series 1, European Central Bank.
    3. Rodney Ramcharan & Amir Kermani & Marco Di Maggio, 2015. "Monetary Policy Pass-Through: Household Consumption and Voluntary Deleveraging," 2015 Meeting Papers 256, Society for Economic Dynamics.
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    Keywords

    European Union; German saver; Low Policy Rate Environment;
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