On the Relationship Between Interest Rates and Economic Growth: Theory and Empirical Evidence
Abstract In the August 2020 issue of Wirtschaftsdienst Hans-Werner Sinn, Peter Bofinger and Eckhard Hein made critical comments on our book “Sparen und Investieren im 21. Jahrhundert — Die große Divergenz” (Saving and Investing in the 21st Century — The Great Divergence). In this article, we respond...
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| Format: | Article |
| Language: | deu |
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Sciendo
2020-09-01
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| Series: | Wirtschaftsdienst |
| Online Access: | https://doi.org/10.1007/s10273-020-2737-9 |
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| _version_ | 1832569781061943296 |
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| author | Carl Christian von Weizsäcker Hagen Krämer |
| author_facet | Carl Christian von Weizsäcker Hagen Krämer |
| author_sort | Carl Christian von Weizsäcker |
| collection | DOAJ |
| description | Abstract In the August 2020 issue of Wirtschaftsdienst Hans-Werner Sinn, Peter Bofinger and Eckhard Hein made critical comments on our book “Sparen und Investieren im 21. Jahrhundert — Die große Divergenz” (Saving and Investing in the 21st Century — The Great Divergence). In this article, we respond to their critique. In particular, we deal with the controversial phenomenon of dynamic inefficiency, with the criticisms of our concept of implicit public debt, the interpretation of economic paradigms, and the allegation of having neglected monetary aspects in our theory. |
| format | Article |
| id | doaj-art-244fb6d33e124b04af90832da24c9615 |
| institution | Kabale University |
| issn | 0043-6275 1613-978X |
| language | deu |
| publishDate | 2020-09-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Wirtschaftsdienst |
| spelling | doaj-art-244fb6d33e124b04af90832da24c96152025-02-02T19:51:14ZdeuSciendoWirtschaftsdienst0043-62751613-978X2020-09-01100967468110.1007/s10273-020-2737-9On the Relationship Between Interest Rates and Economic Growth: Theory and Empirical EvidenceCarl Christian von Weizsäcker0Hagen Krämer1MPI zur Erforschung von GemeinschaftsgüternFakultät für Wirtschaftswissenschaften, Hochschule Karlsruhe — Technik und WirtschaftAbstract In the August 2020 issue of Wirtschaftsdienst Hans-Werner Sinn, Peter Bofinger and Eckhard Hein made critical comments on our book “Sparen und Investieren im 21. Jahrhundert — Die große Divergenz” (Saving and Investing in the 21st Century — The Great Divergence). In this article, we respond to their critique. In particular, we deal with the controversial phenomenon of dynamic inefficiency, with the criticisms of our concept of implicit public debt, the interpretation of economic paradigms, and the allegation of having neglected monetary aspects in our theory.https://doi.org/10.1007/s10273-020-2737-9 |
| spellingShingle | Carl Christian von Weizsäcker Hagen Krämer On the Relationship Between Interest Rates and Economic Growth: Theory and Empirical Evidence Wirtschaftsdienst |
| title | On the Relationship Between Interest Rates and Economic Growth: Theory and Empirical Evidence |
| title_full | On the Relationship Between Interest Rates and Economic Growth: Theory and Empirical Evidence |
| title_fullStr | On the Relationship Between Interest Rates and Economic Growth: Theory and Empirical Evidence |
| title_full_unstemmed | On the Relationship Between Interest Rates and Economic Growth: Theory and Empirical Evidence |
| title_short | On the Relationship Between Interest Rates and Economic Growth: Theory and Empirical Evidence |
| title_sort | on the relationship between interest rates and economic growth theory and empirical evidence |
| url | https://doi.org/10.1007/s10273-020-2737-9 |
| work_keys_str_mv | AT carlchristianvonweizsacker ontherelationshipbetweeninterestratesandeconomicgrowththeoryandempiricalevidence AT hagenkramer ontherelationshipbetweeninterestratesandeconomicgrowththeoryandempiricalevidence |