Thomas Mayer

Articles

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

02/01/2023 Mises Wire 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.

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

09/10/2021 Quarterly Journal of Austrian Economics Thomas Mayer Gunther Schnabl

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...

Central Banks See No Way out of the Low Interest Rate Trap

06/21/2021 Mises Wire Thomas Mayer Gunther Schnabl

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.

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.

Thomas Mayer

Media

Articles