Capital and Interest Theory

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Pascal Hügli

Negative interest rates lead to zombie firms, rampant consumerism, and growing obstacles to entrepreneurship. 

Pascal Hügli

As Japan has shown, ultralow interest rates can greatly affect a society that was once impressively focused on innovation and investment.

Er’el Granot

Reswitching indicates that the average production period is not necessarily a decreasing function of the interest rate. Granot's generic model of the structure of production shows behavior resembling reswitching.