Schumpeterian Finance
Paper by Prof. Bofinger, Lisa Geißendörfer, Thomas Haas and Fabian Mayer about the differences between real and monetary analysis (2023):
Schumpeter's insights for monetary macroeconomics and the theory of financial crises
Article at VoxEU by Prof. Bofinger, Lisa Geißendörfer, Thomas Haas and Fabian Mayer on mechanisms of monetary policy of March 20, 2023:
How monetary policy affects bank lending and financial stability: A ‘credit creation theory of banking’ explanation
Guest article by Prof. Bofinger in Social Europe of February 13, 2023 about new fiscal policy in Europe:
The role of public debt in the 'new normal'
In a new article in "Social Europe" Prof. Bofinger criticized this year's noble price winning work of December 2022:
A noble award for a ‘popular misconception’
Paper by Lisa Geißendörfer and Thomas Haas about the role of credit in chinese industrial policy (2022):
Schumpeter in practice: The Role of Credit for Industrial Policy in China
In his working paper "Public Debt in the "New Normal": A Schumpeterian perspective on fiscal policy"(2022), Prof. Bofinger shows that important insights for fiscal policy can be derived from Joseph Schumpeter's scientific work.
In a new article in INET Prof. Bofinger and Thomas Haas discuss the weaknesses of the model of this year's nobel prize of October 18, 2022:
A Nobel Award for the Wrong Model
Paper by Prof. Bofinger on the role of debt financed fiscal policy (2022):
Public Debt in the "New Normal": A Schumpeterian perspective on fiscal policy
Paper by Prof. Bofinger, Lisa Geißendörfer, Thomas Haas and Fabian Mayer on the true Schumpeter (2021):
Discovering the True Schumpeter - New Insights into the Finance and Growth Nexus
Click here to get to the corresponding article at VoxEU of February 3, 2022:
Discovering the 'true' Schumpeter: New insights of the finance and growth nexus
Prof. Bofinger criticizes the modelling of the financial system in N.G. Mankiw's "Macroeconomics of January 3, 2020:
"Modeling the Financial System with a Corn Economy – “misleading and disastrous”
