Joseph A. Schumpeter: Ein Pionier der Makrofinanz
Additional contact information
Gerald Braunberger: Frankfurter Allgemeine Zeitung
No SDP16007, Schumpeter Discussion Papers from Universitätsbibliothek Wuppertal, University Library
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)
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 Track citations by RSS feed
Downloads: (external link)
http://elpub.bib.uni-wuppertal.de/edocs/dokumente/ ... p/sdp16/sdp16007.pdf (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
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
Series data maintained by Frank Hoffmann ().