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Taking liberties: Why postliberals are wrong about personal freedom

Whyte, Jamie - 2022

Postliberalism has emerged as an influential ideology, especially on the political right. Its leading figures include Patrick Deneen and Adrian Vermeule in the U.S. and Philip Blond and Nick Timothy in the U.K. Postliberals claim that liberalism has caused the woes of the contemporary West. They...

Persistent link: https://www.econbiz.de/10015334286

The Hand Behind the Invisible Hand: Dogmatic and Pragmatic Views on Free Markets and the State of Economic Theory

Mittermaier, Karl - 2020

Using Adam Smith's notion of an 'invisible hand', this extraordinary contribution identifies dogmatic versus pragmatic views of free markets. Published posthumously, with new contributions by Rod O'Donnell, Daniel B. Klein and Christopher Torr, this book outlines Mittermaier's main thesis and...

Persistent link: https://www.econbiz.de/10014321720

Hayek, Mill and the Liberal Tradition

Farrant, Andrew (contributor) - 2010

This book considers the relationship between Hayek and Mill, taking issues with Hayek's criticism of Mill and providing …

Persistent link: https://www.econbiz.de/10011902028

After the Bust: The Outlook for Macroeconomics & Macroeconomic Policy

Palley, Thomas I. - 2008

, globalization, and the theory of the natural rate of unemployment. The only place where there is evidence of substantive …

Persistent link: https://www.econbiz.de/10010460471

After the bust: The outlook for macroeconomics and macroeconomic policy

Palley, Thomas I. - 2009

theory remains unreformed, says Palley, and he warns of a return to failed policies if a deep crisis is averted. Since Post …

Persistent link: https://www.econbiz.de/10010280363

Warrant economics, call-put policy options and the fallacies of economic theory

Hatgioannides, John; Karanassou, Marika - 2011

In this paper we aim to trace the roots of the ongoing economic mayhem and to unmask the chorus of the tragedy which plays on the world stage. The main thesis of our work is that, despite the triumphant rhetoric praising the merits of perfect competition, the global fields of the dysfunctional...

Persistent link: https://www.econbiz.de/10010282231

Are earthquakes needed to shake economics?

Schettkat, Ronald - 2010

-'natural rate theory'- dominated interpretations of economic trends and policy prescriptions since the 1970s. Public policy …. Economic trends were filtered through the lens of the 'natural rate theory,' focusing on labor market institutions only and … confronts the economic trends with the interpretations of the 'natural rate theory' and argues that they hardly fitting the …

Persistent link: https://www.econbiz.de/10010291082

Yield curve modeling and forecasting using semiparametric factor dynamics

Härdle, Wolfgang Karl; Majer, Piotr - 2012

Using a Dynamic Semiparametric Factor Model (DSFM) we investigate the term structure of interest rates. The proposed methodology is applied to monthly interest rates for four southern European countries: Greece, Italy, Portugal and Spain from the introduction of the Euro to the recent European...

Persistent link: https://www.econbiz.de/10010318745

The consumption-based determinants of the term structure of discount rates

Gollier, Christian - 2005

The efficient rate of return of a zero-coupon bond with maturity t is determined by our expectations about the mean (+), variance (-) and skewness (+) of the growth of aggregate consumption between 0 and t. The shape of the yield curve is thus determined by how these moments vary with t. We...

Persistent link: https://www.econbiz.de/10010261120

Asymptotic Maturity Behavior of the Term Structure

Schulze, Klaas - 2008

Pricing and hedging of long-term interest rate sensitive products require to extrapolate the term structure beyond observable maturities. For the resulting limiting term structure we show two results by postulating no arbitrage in a bond market with infinitely increasing maturities: long...

Persistent link: https://www.econbiz.de/10010264921