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2 days ago · This goes back to at least David Hume and later Knut Wicksell . See Blaug ( 1996 ) for an overview of the evolution of early banking theory. Both emphasize that changes in money can have short run effects on some real activity, but in the long run the effects are neutral and only affect the price level.
2 days ago · Later, Knut Wicksell sought to explain price movements as the result of real shocks rather than movements in money supply, resounding statements from the real bills doctrine. In 2019, monetary historians Thomas M. Humphrey and Richard Timberlake published "Gold, the Real Bills Doctrine, and the Fed: Sources of Monetary Disorder 1922–1938".
5 days ago · The Swedish economist Knut Wicksell (1851–1926) argued in Interest and Prices (1898) that if goods in the present directly traded for goods in the future, that is, as in barter transactions, the intertemporal competitively determined price between goods in the present and the future would tend to assure that investment was kept in balance ...
2 days ago · The Handbook of Neoliberalism Neoliberalism is contemporarily used to refer to market-oriented reform policies such as "eliminating price controls, deregulating capital markets, lowering trade barriers" and reducing, especially through privatization and austerity, state influence in the economy. It is also commonly associated with the economic policies introduced by Margaret Thatcher in the ...
4 days ago · An Economic History of Modern Sweden. Abingdon, Routledge, 2012, ISBN: 9780415671309; 371pp.; Price: £85.00. Sweden, I think it fair to say, is a source of considerable interest and intrigue in Britain. Nowhere has this been more evident than in the realm of British politics. The Labour Party have historically tended to be most obviously in ...
3 days ago · “This study is the first all-encompassing evaluation of the research on the effectiveness of mandatory restrictions on mortality,” according to one of the study’s co-authors, Dr. Lars Jonung, professor emeritus at the Knut Wicksell Centre for Financial Studies at Sweden’s Lund University, “It demonstrates that lockdowns were a failed ...
5 days ago · Einfluss übte dabei auch die Theorie Knut Wicksells aus; demnach beruhen Ungleichgewichtsprozesse auf dem Auseinanderklaffen von natürlichem Zinssatz und dem von den Banken festgelegten Zins (die Kreditzinsen weichen von dem Niveau ab, das sich auf unbeeinflussten Kapitalmärkten eingestellt hätte).
