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30.10.2019 - Macroeconomics

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

by Thomas Mayer, Gunther Schnabl

In this paper we compare the Keynesian, neoclassical and Austrian explanations for low interest rates and sluggish growth.

24.10.2019 - Macroeconomics

A digital euro to save EMU

by Thomas Mayer

In this paper I summarise my proposal, which has appeared in various publications, to relaunch the euro as digital central bank money.

11.10.2019 - Macroeconomics

Introducing the FvS Business Cycle Indicator for Germany

by Thomas Mayer, Agnieszka Gehringer

Video
Developments of the FvS BCI so far this year suggest that recession could have started in April 2019. But a final judgement based on our methodology will have to wait until we have seen the recession trough.

09.09.2019 - Macroeconomics

The digital Euro

by Thomas Mayer

The euro should be restructured as a full digital currency. The Euro would then no longer be created by banks though loans and neither misused by the Euro states as a financing instrument. The economy and the financial system would become more stable ...

09.09.2019 - Macroeconomics

Time for central banks to be creative?

by Agnieszka Gehringer

Due to the weakening inflation expectations and trade war’s uncertainties, major central banks are expected to implement strategies to prevent an accident.

13.08.2019 - Macroeconomics

The green reallocation

by Agnieszka Gehringer

Policymakers have plunged into climate actionism and set ever stricter climate goals. This can have unintended social and economic consequences.

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