asymmetric shocks. Whereas Mundell's (1961) seminal theory on optimum currency areas suggests depreciation in the face of crisis …The 2010 European debt crisis has revived the discussion concerning the optimum adjustment strategy in the face of … perspective by confronting exchange rate based adjustment with crisis adjustment via price and wage cuts. Econometric estimations …

disturbing factor of a generally stable real economy (Wicksell, Hayek, Schumpeter, Fisher, and the early Keynes). Thereafter …

. With this paper we provide a modest beginning to filling that void. Specifically, we use the history of wasta, Hayek …

.A von Hayek’s approach developed in his book on The Sensory Order. Hayek develops an externalist approach based on … the fundamental impossibility that any kind of neuronal system can fully explain itself. However, Hayek does not fully …

follows the track laid down by Hayek's comprehensive thinking about institutions and the economy, but provides new and more … framework to substantive institutions that has been recently proposed by Aoki, I present Hayek's theory of culture in terms of …

Zentralbank, der Hayek im Jahr 1931, das heißt inmitten einer weltweiten Deflation und angesichts knappen Geldes, empfiehlt, das …

The paper identifies based on the monetary overinvestment theories by Wicksell (1898), Mises (1912) and Hayek (1929 …

The paper analyses the evolvement and effects of central bank crisis management since the mid 1980s based on a Hayek … price inflation has collapsed, asymmetric monetary policy crisis management implies a convergence of interest rates towards … zero and a gradual expansion of central bank balance sheets. From a Hayek-Mises-Wicksell perspective asymmetric central …