01.01.2020 - Macroeconomics

The Abdication

by Thomas Mayer

The German Bundestag has accepted its gradual disempowerment through the expansion of the monetary union into a liability community for the sake of European peace. But in fact it also abdicates by surrendering the "royal right of parliament".

28.02.2020 - Society & Finance

Hopeless fight of the ECB for trust

by Thomas Mayer Marius Kleinheyer

[Translate to English:]
Confidence is essential for the existence of EMU. But it can only be won if the ECB's policies are explained in a way that is comprehensible to the public. This is impossible in the case of the ECB's negative interest rate policy.

14.01.2020 - Macroeconomics

Is there a savings glut due to pension savings?

by Thomas Mayer Kai Lehmann

The thesis that interest rates would have been lowered by a flood of savings due to greater efforts to save for retirement is not supported by facts.

07.01.2020 - Macroeconomics

The Euro & Its Impact On European Banking

by Thomas Mayer

Thomas Mayer in talk with The Investor's PODCAST on questions about the euro, differences to the US dollar and digital central bank money.

25.11.2019 - Society & Finance

Investing is a matter of trust

by Thomas Mayer Marius Kleinheyer

[Translate to English:]
Video
Financial advice is a credence good. A survey of financial advisors indicates how stronger trust can be established from the advisors' point of view.

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.
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