Over My Shoulder

Charles Gave: Wicksell and Capital Misallocation

November 18, 2015

Wicksell is not a household name when it comes to economists, but he is at the heart of the monetary policy debate. Charles Gave argues that the Fed's long-awaited interest rate hike could have real repercussions on the markets. Not sure I totally buy it, but he made me pause and think about it.

Download - Wicksell_And_Capital_Misallocation.pdf