Similar Search Results

Monetary policy, financial regulation and financial stability : a comparison between the Fed and the ECB

Schnabl, Gunther; Sonnenberg, Nils - 2020

The paper analyses in light of Austrian and Keynesian economic theory the impact of conventional and unconventional monetary policies as therapies for financial crises. It compares the financial market stabilization measures of the Federal Reserve System and the European System of Central Banks...

Persistent link: https://www.econbiz.de/10012197673

Monetary policy, financial regulation and financial stability : a comparison between the Fed and the ECB in the wake of the global financial crisis

Schnabl, Gunther; Sonnenberg, Nils - In: Ordo : Jahrbuch für die Ordnung von Wirtschaft und … 71 (2020) 1, pp. 180-210

Persistent link: https://www.econbiz.de/10012621627

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/10012124862

Theories of financial crises: An overview

Detzer, Daniel; Herr, Hansjörg - 2014

disturbing factor of a generally stable real economy (Wicksell, Hayek, Schumpeter, Fisher, and the early Keynes). Thereafter … works of Keynes and the contributions of Minsky are of importance. Lastly, it is looked at the behavioural finance …

Persistent link: https://www.econbiz.de/10010332605