Psychology and economics
By Dr Frank Shostak Recently, a relatively new economics called Behavioural Economics (BE) has started to gain popularity. Its practitioners such as Daniel Kahneman,…
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.
How the GDP framework creates the illusion that the Fed can generate economic growth
By Dr Frank Shostak Most experts tend to assess the strength of an economy in terms of real gross domestic product (GDP). The GDP…
The Fed and low interest rate policy
By Dr Frank Shostak It is a commonly accepted view these days that the central bank is a key factor in the determination of…
Where is the US dollar heading against the Euro?
By Dr Frank Shostak The price of the Euro in terms of the US$ closed at 1.135 in November against 1.156 in October and…
The myth that money pumping can help economic growth
By Dr Frank Shostak By popular thinking, the role of the central bank is to navigate the economy along the so-called path of economic…
The Divisia monetary indicator and the money supply definition
By Dr Frank Shostak By most commentators, since the early 1980s, correlations between various definitions of money and national income have broken down. The…
Price stability and economic instability
By Dr Frank Shostak One of the mandates of the Fed is to attain price stability. It is held that price stability is the…
Monetary pumping and idle resources
By Dr Frank Shostak Resources that are utilized to promote economic prosperity in normal times become underutilized during recessions. Some experts are of the…
Money velocity and prices
By Dr Frank Shostak The yearly growth rate of US AMS jumped to almost 80% by February 2021 (see chart). Given such massive increase…
Have long-term US T-bonds entered bear market?
By Dr Frank Shostak After closing at 0.53% in July 2020 the yield on the 10-year US T-Bond moved relentlessly higher closing on Tuesday…