Testing Times for Central Banks is There Room for Austrian Ideas at the Top Table?

6 Pages Posted: 1 Jan 2009

See all articles by Anthony J. Evans

Anthony J. Evans

ESCP Business School

Toby Baxendale

affiliation not provided to SSRN

Abstract

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.

Suggested Citation

Evans, Anthony J. and Baxendale, Toby, Testing Times for Central Banks is There Room for Austrian Ideas at the Top Table?. Economic Affairs, Vol. 28, Issue 4, pp. 36-41, December 2008, Available at SSRN: https://ssrn.com/abstract=1319549 or http://dx.doi.org/10.1111/j.1468-0270.2008.00869.x

Anthony J. Evans (Contact Author)

ESCP Business School ( email )

537 FINCHLEY ROAD
LONDON, NW37BG
United Kingdom

Toby Baxendale

affiliation not provided to SSRN

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