The economics of personal carbon trading
In: Climate policy, Band 10, Heft 4, S. 447-461
ISSN: 1752-7457
366707 Ergebnisse
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In: Climate policy, Band 10, Heft 4, S. 447-461
ISSN: 1752-7457
In: The RUSI journal: independent thinking on defence and security, Band 155, Heft 6, S. 4-8
ISSN: 0307-1847
World Affairs Online
The current crisis is like an earthquake for the theoretical foundations of economic policies, which have guided governments and central banks for the last few decades. The efficient market hypothesis and its application to labor markets -'natural rate theory'- dominated interpretations of economic trends and policy prescriptions since the 1970s. Public policy, public institutions, and regulations were generally regarded as distortions of the otherwise well functioning markets. Economic trends were filtered through the lens of the 'natural rate theory,' focusing on labor market institutions only and putting blinds on macroeconomic influences. Therefore, the recipe was a reshaping of institutional arrangements intended to allow markets to operate more freely, i.e. to bring the real world closer to the idealized theoretical model. This paper confronts the economic trends with the interpretations of the 'natural rate theory' and argues that they hardly fitting the facts. The paper argues that monetary policy gained importance in the 1970s and enforced deflationary policies - which, in turn reduced growth, especially in upswings - and allowed employment to recover to its initial pre-recession levels. Deflationary bias was also guiding the design of major EU institutions, reducing potential and actual growth.
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In: Kriminalwissenschaftliche Schriften 28
In: Canadian Political Science Review, Band 4, Heft 1, S. 1-11
In: History of European ideas, Band 36, Heft 3, S. 355-357
ISSN: 0191-6599
In: Journal of Latin American studies, Band 42, Heft 2, S. 441-443
ISSN: 0022-216X
In: Radical teacher: a socialist, feminist and anti-racist journal on the theory and practice of teaching, Band 87, Heft 1, S. 36-43
ISSN: 1941-0832
In: Australian journal of political science: journal of the Australasian Political Studies Association, Band 45, Heft 4, S. 713-718
ISSN: 1036-1146
In: Proceedings of the Estonian Academy of Sciences, Band 59, Heft 1, S. 42
ISSN: 1736-7530
In: Politická ekonomie: teorie, modelování, aplikace, Band 57, Heft 5, S. 677-695
ISSN: 2336-8225
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