Gunther Schnabl

Articles

Is the Japanese Low Inflation–Low Interest Rate Model at an End?

02/01/2023 Mises Wire Gunther Schnabl Thomas Mayer

The macroeconomic situation in Japan seems to be coming to a head. When the Bank of Japan, under its President Haruhiko Kuroda, announced on December 20, 2022, that it would raise its interest rate...

Central Banks Have Been Hedging Rampant Regulation. Will This End Now?

08/10/2022 Mises Wire Gunther Schnabl

Inflation continues to rise fast, in June 2022 having reached 8.6 percent in the United States and in the euro area. At the same time, regulation continues to thrive. Products, production processes...

How the BOJ Created “Noninflationary” Money While Ruining the Japanese Economy

07/02/2022 Mises Wire Taiki Murai Gunther Schnabl

Milton Friedman (1963) argued that “inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in...

Media

Is the Japanese Low Inflation–Low Interest Rate Model at an End?

02/13/2023 Gunther Schnabl Thomas Mayer

For nearly three decades, the Japanese economy has slowly imploded under low interest rates and heavy government debt. It may soon be time to pay the piper.

Central Banks Have Been Hedging Rampant Regulation. Will This End Now?

08/17/2022 Gunther Schnabl

The latest bout of inflation has exposed how central banks around the world have used easy money policies to help cover for the economic drag created by the regulatory state.

How the BOJ Created “Noninflationary” Money While Ruining the Japanese Economy

07/12/2022 Taiki Murai Gunther Schnabl

The relative lack of inflation in Japan doesn't mean real wages haven't fallen.

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