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Thomas Mayer

Thomas Mayer (thomas.mayer@fvsag.com) is the founding director of the Flossbach von Storch Research Institute, Cologne, Germany.

All Works

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

CapitalismCentral BanksEconomic PolicyMoney and Banks

02/13/2023Mises Media
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.
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Is the Japanese Low Inflation–Low Interest Rate Model at an End?

CapitalismCentral BanksEconomic PolicyMoney and Banks

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.

Read More

Reasons for the Demise of Interest: Savings Glut and Secular Stagnation or Central Bank Policy?

Interventionism

09/10/2021Quarterly Journal of Austrian Economics
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 attributed to aging societies, which save more for the future (global savings glut). Low growth is...
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Central Banks See No Way out of the Low Interest Rate Trap

Money and Banks

The last time a major central bank knowingly tried to end a low-rate policy regime occurred in Japan in the late 1980s. Since then, no central banker has wanted to repeat this unhappy experience.

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Discovering Markets

Calculation and KnowledgePrices

05/20/2020Quarterly Journal of Austrian Economics
Winning narratives shape market prices until their victory is confirmed by the facts or they are discredited by facts and replaced by new narratives.
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