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. Original Article: "Is the Japanese Low...
Thomas Mayer
Thomas Mayer (thomas.mayer@fvsag.com) is the founding director of the Flossbach von Storch Research Institute, Cologne, Germany.
Latest work
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...
Abstract: This article compares the Keynesian, neoclassical and Austrian explanations for low interest rates and sluggish growth. From a Keynesian and neoclassical perspective, low interest rates are...