On the Relationship Between Interest Rates and Economic Growth: Theory and Empirical Evidence

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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Main Authors: Carl Christian von Weizsäcker, Hagen Krämer
Format: Article
Language:deu
Published: Springer 2020-09-01
Series:Wirtschaftsdienst
Online Access:https://doi.org/10.1007/s10273-020-2737-9
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spelling doaj-244fb6d33e124b04af90832da24c96152021-09-26T11:38:16ZdeuSpringerWirtschaftsdienst0043-62751613-978X2020-09-01100967468110.1007/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
collection DOAJ
language deu
format Article
sources DOAJ
author Carl Christian von Weizsäcker
Hagen Krämer
spellingShingle Carl Christian von Weizsäcker
Hagen Krämer
On the Relationship Between Interest Rates and Economic Growth: Theory and Empirical Evidence
Wirtschaftsdienst
author_facet Carl Christian von Weizsäcker
Hagen Krämer
author_sort Carl Christian von Weizsäcker
title 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_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_sort on the relationship between interest rates and economic growth: theory and empirical evidence
publisher Springer
series Wirtschaftsdienst
issn 0043-6275
1613-978X
publishDate 2020-09-01
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.
url https://doi.org/10.1007/s10273-020-2737-9
work_keys_str_mv AT carlchristianvonweizsacker ontherelationshipbetweeninterestratesandeconomicgrowththeoryandempiricalevidence
AT hagenkramer ontherelationshipbetweeninterestratesandeconomicgrowththeoryandempiricalevidence
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