Tags: natural rate of interest

The Natural Rate of Interest Does Not Exist

October 6th, 2017
in macroeconomics, currency / money

I just want to make a quick note on the multiplier and the theory of liquidity preference that is not generally recognised. more »

The Natural Rate of Interest Does Not Exist

Fixing the Economists Article of the Fortnightby Philip Pilkington I just want to make a quick note on the multiplier and the theory of liquidity preference that is not generally recognised. When the full implications of this argument are recognised and… more »

The Economic Consequences of the Overthrow of the Natural Rate of Interest

March 16th, 2015
in aa syndication

For quite a few months I have, on this blog, been alluding to a paper that I had written which showed that the natural rate of interest is implicitly dependent on the EMH in its strong-form in order to be coherent. I have finally published this paper (in working paper form) with the Levy Institute and it can be read here: more »

Sraffa vs. Hayek and the Natural Rate of Interest

September 29th, 2014
in history, macroeconomics

Fixing the Economists Article of the Week by Philip Pilkington David Glasner from over at the blog Uneasy Money has co-written an interesting paper on Sraffa and his critique of the natural rate of interest as it was put forward in Hayek’s business… more »












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