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Dr Frank Shostak

Dr Frank Shostak is a leading Austrian economist and director of Applied Austrian School Economics Ltd, which aims to assess the direction of various markets using the Austrian School methodology. AASE aims to make Austrian economics accessible to businessmen.

Fiscal stimulus and economic growth
Economics15 January 21

Fiscal stimulus and economic growth

By Dr Frank Shostak

For most experts a key factor that policy makers should be watching is the ratio between actual real output and potential real output. The…

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Economics11 January 21

The importance of assumptions in economics

By Dr Frank Shostak

By Dr Frank Shostak Various assumptions employed by economists in their models appear to be of an arbitrary nature. The assumptions seem to be…

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Economics21 December 20

Does cost cutting undermine economic growth?

By Dr Frank Shostak

By Dr Frank Shostak By some commentators, cost cutting by companies in order to protect profits can in fact set in motion an economic…

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Economics14 December 20

Quantitative methods in economics describe but do not explain

By Dr Frank Shostak

By Dr Frank Shostak Most economists regard the use of mathematical and statistical methods as the key towards understanding the complexities of economics. They…

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Economics7 December 20

The supply – demand curves framework and the real world

By Dr Frank Shostak

By Dr Frank Shostak By the popular way of thinking, the determination of the prices of goods is summarized by means of supply and…

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Economics2 December 20

Could a tighter monetary stance undo the effects from an easy monetary stance?

By Dr Frank Shostak

By Dr Frank Shostak By a popular way of thinking, it is the role of the central bank to make sure that economy follows…

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Are governments’ efforts to reduce unemployment a cost-free solution?
Economics23 November 20

Are governments’ efforts to reduce unemployment a cost-free solution?

By Dr Frank Shostak

Once an economy falls into an economic slump and the level of unemployment begins to rise most commentators are of the view that it…

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Economics16 November 20

The IMF chief economist sees a threat to world economies from a liquidity trap

By Dr Frank Shostak

In the Financial Times from November 2 2020, the IMF chief economist Gita Gopinath suggested that world economies at present are likely to be…

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Economics10 November 20

Can economic data help to clarify the state of the business cycle?

By Dr Frank Shostak

According to the popular way of thinking, various economic data can provide an analyst with the necessary information regarding the state of the economy….

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Economics26 October 20

The Fed and asset bubbles

By Dr Frank Shostak

According to the Financial Times from October 18th 2020, senior Federal Reserve officials are calling for tougher financial regulation to prevent the US central…

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