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Since the Global Financial Crisis in 2008-2009, there has been flourishing literature on the role of fiscal policy in stimulating demand when the economy is in a deep recession. Past studies suggest the stimulus may make sense if it is temporary, targeted, and withdrawn quickly. However, since...
Persistent link: https://www.econbiz.de/10015046512
Central banks play a crucial role in promoting financial stability. They act as financial system stabilizers through their capacity to create liquidity and channel it to financial institutions and markets in times of stress - a role that has evolved and expanded substantially over the past 15...
Persistent link: https://www.econbiz.de/10014577846
Central banks play a crucial role in promoting financial stability. They act as financial system stabilizers through their capacity to create liquidity and channel it to financial institutions and markets in times of stress - a role that has evolved and expanded substantially over the past 15...
Persistent link: https://www.econbiz.de/10015051872
ordoliberal thought which has had a strong impact on EU competition policy and law. Outside Germany, ordoliberal thought is often … ordoliberalism after the Second World War. Major developments since then have remained largely unrecognized. This paper sets out the … important insights that have markedly changed some of the basic concepts of the Freiburg School so as to bring ordoliberalism …
Persistent link: https://www.econbiz.de/10010335909
-formation of spontaneous rules of an economic order resulting from the market operations, it is a par exellence liberal concept. On … principles by the political government. This synthesis constitutes ordoliberalism and implies a feedback between the constituted … and spontaneous rules of economic order. …
Persistent link: https://www.econbiz.de/10012232651
Persistent link: https://www.econbiz.de/10011802585
ordoliberal thought which has had a strong impact on EU competition policy and law. Outside Germany, ordoliberal thought is often … ordoliberalism after the Second World War. Major developments since then have remained largely unrecognized. This paper sets out the … important insights that have markedly changed some of the basic concepts of the Freiburg School so as to bring ordoliberalism …
Persistent link: https://www.econbiz.de/10010955304
The paper attempts to juxtapose the views of Walter Eucken and Friedrich August von Hayek on economic order and to compare their approaches with the research perspective of the new institutional economics. Considerations tend to justify the thesis of the high degree of complementarity of the...
Persistent link: https://www.econbiz.de/10010632892
Economy in post-war Germany. Even though there is a growing interest in his ideas especially from an Austrian and a … that Eucken was very influential in the formation of the MPS and that German ordoliberalism had a significant imprint on …
Persistent link: https://www.econbiz.de/10010330302
Mises (1881-1973) and two major representatives of German ordoliberalism, Walter Eucken (1891-1950) and Wilhelm Röpke (1899 … exploring the Austrian School and ordoliberalism in recent decades is provided, including a specific reading of the concept of …
Persistent link: https://www.econbiz.de/10011613816