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Karl-Friedrich Israel

Tags Money and BanksMonetary TheoryMoney and Banking

Works Published inMises Daily Article

Karl-Friedrich Israel is an assistant professor in the department of economics and business at Western Catholic University in Angers, France. He is an organizing member of the Austrian Economics Meeting Europe and is a Mises Institute Research Fellow. He previously worked as a senior researcher at the Institute for Economic Policy at Leipzig University in Germany. He obtained his doctorate degree in economics from the University of Angers in France in 2017 working on the costs and benefits of central banking.

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Germany's Inflation Tax and the Rising Cost of Living

Global EconomyInflationLabor and Wages

Blog02/06/2021

If we take the tax burden and asset price inflation into account, real incomes in Germany aren't doing nearly as well as the official data suggests. 

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qjae

The Disutility of Labor

Production Theory

12/08/2020Quarterly Journal of Austrian Economics
Leisure (the state of not engaging in labor) is a necessary complementary good for consuming other goods. As such, leisure’s status as a consumer good is a priori true, not an empirical assumption.
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QJAE

Income and Substitution Effects: A Rejoinder to Professor Joseph Salerno

11/04/2020Quarterly Journal of Austrian Economics
Professor Joseph Salerno (2019) has commented on my recent reconstruction of the income effect from a causal-realist perspective (Israel, 2018b). In this rejoinder, I clarify my position and show that the main points of criticism in Salerno’s response are unfounded.
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Audio Mises Wire

Why Official Inflation Measures Don't Work

Other Schools of ThoughtPhilosophy and Methodology

05/23/2020Mises Media
In theory, it is possible to adjust inflation measures to account for the many constant changes in prices resulting from changing demand, quality, and innovations. But it's essentially impossible to execute these adjustments accurately.
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Why Official Inflation Measures Don't Work

InflationOther Schools of ThoughtPhilosophy and Methodology

Blog05/23/2020

In theory, it is possible to adjust inflation measures to account for the many constant changes in prices resulting from changing demand, quality, and innovations. But it's essentially impossible to execute these adjustments accurately.

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