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Central Banking and Crisis Management from the Perspective of Austrian Business Cycle Theory

Schnabl, Gunther - 2016

The paper analyses the evolvement and effects of central bank crisis management since the mid 1980s based on a Hayek … zero and a gradual expansion of central bank balance sheets. From a Hayek-Mises-Wicksell perspective asymmetric central …

Persistent link: https://www.econbiz.de/10011584878

The Failure of ECB Monetary Policy from a Mises-Hayek Perspective

Schnabl, Gunther - 2017

The paper analyses the common European monetary policy based on a Mises-Hayek overinvestment framework, which is …

Persistent link: https://www.econbiz.de/10011657109

Adverse Effects of Ultra-Loose Monetary Policies on Investment, Growth and Income Distribution

Hoffmann, Andreas; Schnabl, Gunther - 2016

monetary overinvestment theories of Hayek and Mises. We argue that ultra-loose monetary policies create incentives to …

Persistent link: https://www.econbiz.de/10011431295

Reasons for the Demise of Interest: Savings Glut and Secular Stagnation or Central Bank Policy?

Mayer, Thomas; Schnabl, Gunther - 2019

In this paper we compare the Keynesian, neoclassical and Austrian explanations for low interest rates and sluggish growth. From a Keynesian and neoclassical perspective low interest rates are attributed to ageing societies, which save more for the future (global savings glut). Low growth is...

Persistent link: https://www.econbiz.de/10012179753

Monetary Policy, Inequality and Political Instability

Duarte, Pablo; Schnabl, Gunther - 2017

Based on the concepts of justice by Hayek, Rawls and Buchanan we argue that the growing political dissatisfaction in …

Persistent link: https://www.econbiz.de/10011777599