Independent research and policy analysis on fiscal, monetary, and
regulatory issues in Europe
The Technical and Economic Nature of a Lengthened Production Structure
Canonical Austrian business cycle theory holds that a lower rate of interest lengthens the structure of production. Fillieule (2007) derives the opposite conclusion: the average period of production rises with the rate of interest. I argue in this article that …
Submit your research to the IREF Working Paper Series. Selected papers are eligible for publication and receive an honorarium of up to €2,000, including additional compensation for outreach (blogpost, podcast).
-
When central banks make decisions about inflation, interest rates, or financial stability, they rely heavily on economic research. But where …
-
One of the main promises behind the euro was economic convergence. By sharing a common currency, European economies were expected …
-
For nearly two decades, the European Central Bank has relied on exceptionally low interest rates, massive asset purchases, and generous …
-
Monetary policy changes the stability of German banks differently based on their ownership and business goals. Existing literature shows that …
-
Central banks influence economic debate through research and citations. This paper studies whether citation patterns reflect past colonial ties or …
by Tom Bugdalle and Moritz Pfeifer -
Milton Friedman is often quoted as having said something to the effect that inflation is taxation without legislation on multiple …

