Zero interest rates: redistribution through the backdoor

With the Covid-19 crisis, zero interest rates will become entrenched in Europe for the time being. Besides the (negative) long-term effects – rising inequality, distorted financial markets and misallocation of resources – there are also direct income effects. So far, they have resulted in the “transfer” of billions of euros from private households to the state and corporate sector. The intermediating banks, too, have suffered in the process, big time.

Please fill in this form to download the publications.

  • This field is for validation purposes and should be left unchanged.

The data collected are subject to automated processing under the responsibility of AU GROUP for communication and recruitment management purposes.

Your personal data remains confidential and is intended for internal services and our possible service providers in charge of communication operations.

In accordance with the applicable regulations, we remind you that you have a right of access to the data concerning you or the right to request their deletion. You also have the right to object to the processing of your data, the right to rectify and the right to limit the processing of your data ( or more information on your rights). To exercise these rights or if you have any questions about the processing of your data, you can contact us at the following address:

You also have the option of using the unsubscribe link in our emails to receive our recruitment news. Finally, you have the right to lodge a complaint with a supervisory authority. For more information on the management of your personal data, please consult our privacy policy available at the following address: