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Hayek is not an institutionalist in the usual sense. As he did not belong to any school, the relationship with … institutionalism was not an exception. However Hayek alone is a school, a world of ideas. One having powerful contact points or … spirit aristocrats such as Hayek or Smith could bring only gains. …
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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
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
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...
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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/10010242872
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