Joseph A. Schumpeter: Ein Pionier der Makrofinanz

Gerald Braunberger
Additional contact information
Gerald Braunberger: Frankfurter Allgemeine Zeitung

No SDP16007, Schumpeter Discussion Papers from Universitätsbibliothek Wuppertal, University Library

Abstract: Since the outbreak of the Great Financial Crisis in 2007, „Macrofinance“ has evolved as an exciting field for economists. The idea of marrying macroeconomics and financial economics has a long tradition, however, which should not remain buried in almost forgotten books. A couple of seemingly new ideas can be traced back to the work of the eminent economist Joseph A. Schumpeter. His dynamic model of the business cycle is built upon a close interaction between entrepreneurs and banks. Fire-sales of assets, liquidity spirals and feedback loops can turn a mild recession into a devastating depression. Schumpeter’s analysis of the role of monetary policy bears a striking resemblance to contemporary discussions.

JEL-codes: B10 B13 B20 B22 E30 E44 (search for similar items in EconPapers)
Pages: 36
Date: 2016-12
New Economics Papers: this item is included in nep-ent, nep-his, nep-hpe and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://elekpub.bib.uni-wuppertal.de/ubwhsmig/down ... riginalFilename=true (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bwu:schdps:sdp16007

Access Statistics for this paper

More papers in Schumpeter Discussion Papers from Universitätsbibliothek Wuppertal, University Library
Bibliographic data for series maintained by Frank Hoffmann ().