Testing Times for Central Banks is There Room for Austrian Ideas at the Top Table?
Anthony J. Evans
ESCP Europe; ESCP Europe - Department of Economics
affiliation not provided to SSRN
Economic Affairs, Vol. 28, Issue 4, pp. 36-41, December 2008
Central banks are facing an unprecedented test in the wake of the credit crisis. We briefly outline prevailing theoretical frameworks and argue that central bankers effectively have a choice between three separate frameworks: Vienna, Cambridge and Chicago. Despite Austrian economics being the least acknowledged we survey increasing exposure in mainstream media, suggesting a role for a more explicit use. We provide implications for policy-makers and claim that Austrian ideas have a place at the top table of policy debate.
Number of Pages in PDF File: 6Accepted Paper Series
Date posted: January 1, 2009
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