IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this paper

Symmetrische Regeln und asymmetrisches Handeln in der Geld- und Finanzpolitik

Listed author(s):
  • Hoffmann, Andreas
  • Schnabl, Gunther

Das Papier untersucht auf der Grundlage der monetären Überinvestitionstheorien von Wicksell (1898), Mises (1912) and Hayek (1929, 1935) das Scheitern von geld- und finanzpolitischen Regeln zur Kontrolle von übermäßigem Geldmengenwachstum und ausufernder Staatsverschuldung. Es zeigt asymmetrische Geld- und Finanzpolitiken in den großen Industrieländern auf, die zu einem Verfall der Geldmarktzinsen gegen Null und einem Anstieg der Staatsverschuldungen auf globale Rekordstände geführt haben. Das strukturelle Absinken des globalen Zinsniveaus wird als Ursache für globale Überinvestitions- bzw. Boom-und-Krisen-Zyklen gesehen, die zu einem Ausufern der Staatsverschuldung geführt haben. Zur Stabilisierung des langfristigen globalen Wachstums wird die Rückkehr zu symmetrischen Regeln in der Geld- und Finanzpolitik gefordert.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL:
Download Restriction: no

Paper provided by University of Leipzig, Faculty of Economics and Management Science in its series Working Papers with number 95.

in new window

Date of creation: 2011
Handle: RePEc:zbw:leiwps:95
Contact details of provider: Postal:
Marschnerstraße 31, 04109 Leipzig

Web page:

More information through EDIRC

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

in new window

  1. Bretschger, Lucas & Steger, Thomas, 2013. "Globalization, The Volatility Of Intermediate Goods Prices, And Economic Growth," Macroeconomic Dynamics, Cambridge University Press, vol. 17(02), pages 402-430, March.
  2. McKinnon, Ronald & Schnabl, Gunther, 2008. "China's exchange rate impasse and the weak U.S. dollar," Working Papers 73, University of Leipzig, Faculty of Economics and Management Science.
Full references (including those not matched with items on IDEAS)

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:zbw:leiwps:95. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (ZBW - German National Library of Economics)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.