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26.04.2021 -

The Quarterly Journal of Austrian Economics

Reasons for the Demise of Interest: Savings Glut and Secular Stagnation or Central Bank Policy?

by Thomas Mayer & Gunther Schnabl

01.12.2020 -

Intereconomics

Post-COVID-19 EMU: Economic Distancing by Parallel Currencies

by Thomas Mayer & Gunther Schnabl

The coronavirus crisis has caused new distress in the European Economic and Monetary Union (EMU), as the southern part of the EMU has been hit stronger than the northern part. The common currency prevents nominal exchange rate adjustment in response ...

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