Current Project
The objective of the project is to analyze the effects of long enduring low interest rates on household investment behavior, setting a special focus on the stock market participation of German and US households. In particular, we address four questions within the project. Did the low interest rate environment induced more households to enter the stock market? How does a low interest rate environment affect the financial portfolio choices of households in general? Do we observe different effects of the zero lower bound between countries with high- and low stock market participation? What are the welfare consequences of such monetary policy?
Topics: Financial markets , Monetary policy