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Gunther Schnabl

Works Published inQuarterly Journal of Austrian Economics

AwardsLawrence W. Fertig Prize in Austrian Economics

Gunther Schnabl is a professor of international economics and economic policy in the department of economics at Leipzig University, Germany.

All Works

Japanization: 30 Years of Failed Economic "Stimulus"

Labor and WagesMonetary PolicyWorld History

Real wages in Japan have been declining thanks to decades of expansionary monetary and fiscal policies. Now "Japanization" increasingly looks like a fate that awaits Europe.

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Central Banks May Be Driving Us Toward More Waste, More Carbon Emissions

The EnvironmentBusiness Cycles

Easy-money policies pushed by central banks may be redirecting wealth away from investment, and toward greater production and consumption of cheap consumer goods. That's not "green."

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The Central Banks Lift House Prices and Rents, But Not Everywhere

Central banks have been at the center of the world's rapidly inflating housing prices.

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Japan's Lasting Stagnation Is Hidden Behind Government Statistics

Global EconomyBusiness Cycles

Creative design of statistics cannot solve the persistent crisis. The core of the problem lies in a misguided economic policy that zombifies the Japanese economy and thus undermines prosperity.

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