Demary, Markus; Hüther, Michael - In: Intereconomics : review of European economic policy 50 (2015) 6, pp. 350-355
A new theory of interest rates, the Neo-Fisherian theory, predicts a low inflation rate due to a central bank's low interest rate. After several years of near-zero interest rate policies and low and even negative infl ation rates in the eurozone and in the US, this theory gained momentum in...