According to mainstream economists, inflation aids economic growth while deflation impairs growth. Austrian economists, ...
A new article in the Journal of Financial Stability by Professor Julio Dávila (Nazarbayev University) and Dr. Elizaveta Lukmanova (Central Bank of ...
We examine the effect of negative nominal interest rates on bank profitability and behavior using a cross-country panel of over 5,100 banks in 27 countries. Our data set includes annual observations ...
The celebrated tome “Capital in the Twenty-First Century”, by Thomas Piketty, a French economist, runs to 204,000 words—longer even than Homer’s “Odyssey”. But the book’s central argument can be ...
New evidence suggests that rising oil prices associated with declining oil supply slow economic activities less when interest rates are constrained at the zero lower bound. Moreover, these oil price ...
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