Stagnations- und Deflationstheorien studien zur Entwicklung der ökonomischenTheorie XXXVIII

The ongoing low interest rates have been the subject of heated debate for some time, both in expert circles and in the general public. Is the reason for this phase of low interest rates due to the ultra-loose monetary policy of the central banks, or are the central banks themselves driven by a long-...

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Bibliographic Details
Format: eBook
Language:German
Published: Berlin Duncker & Humblot GmbH 2021, 2021
Series:Schriften des Vereins für Socialpolitik
Subjects:
Online Access:
Collection: JSTOR Open Access Books - Collection details see MPG.ReNa
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245 0 0 |a Stagnations- und Deflationstheorien  |h Elektronische Ressource  |b studien zur Entwicklung der ökonomischenTheorie XXXVIII  |c / von Gunther Chaloupek, Harold Hagemann, Hansjorg Klausinger, Heinz D. Kurz, Peter Spahn, Herausgegeben von Volker Caspari 
260 |a Berlin  |b Duncker & Humblot GmbH  |c 2021, 2021 
300 |a 164 pages 
653 |a Stagnation (Economics) 
653 |a POLITICAL SCIENCE / Political Economy 
653 |a Deflation (Finance) 
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520 |a The ongoing low interest rates have been the subject of heated debate for some time, both in expert circles and in the general public. Is the reason for this phase of low interest rates due to the ultra-loose monetary policy of the central banks, or are the central banks themselves driven by a long-standing development in the real economy that could be characterized as »secular stagnation«? The thesis of secular stagnation is closely linked to the American economist Alvin Hansen, who raised the issue in the late 1930s. However, classical economists such as D. Ricardo and J. St. Mill have already dealt with it. In this volume, comparisons between older and more recent explanations of economic stagnation and deflation are presented. In 2013, Larry Summers took up this idea in a speech to the IMF. Classical economists such as D Ricardo and J St Mill have also dealt with this topic in detail. This volume presents comparisons between older and more recent approaches explaining economic stagnation and deflation