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- Wicksellian_Differential abstract "The Wicksellian Differential is derived from Knut Wicksell's theory of interest and is an approximation of the extent of disequilibrium in an economy.Formula: Wicksellian Differential = Natural Rate of Interest - Money Rate of InterestWicksell argued in Interest and Prices that the equilibrium of a credit economy could be ascertained by comparing the money rate of interest to the natural rate of interest. In modern terminology this equates to comparing the cost of capital with the return on capital. In economies where the natural rate is higher than the money rate, credit growth will drive a positive disequilibrium in an economy. When the natural rate of interest is lower than the money rate, the demand for credit dries up leading to a negative disequilibrium and capital destruction.Wicksell also argued that prices would be stable when the two rates of interest were in equilibrium, an idea that was subsequently demonstrated to have been flawed by Gunnar Myrdal and Friedrich Hayek in the late 1920s and early 1930s.The Wicksellian Differential therefore provides an alternative estimation of the extent of disequilibrium in a credit-based economy to more standard Taylor Rule approaches which attempt to estimate deviations from a general equilibrium based on the fluctuations in output and the general price level.".
- Wicksellian_Differential wikiPageID "38731923".
- Wicksellian_Differential wikiPageLength "1704".
- Wicksellian_Differential wikiPageOutDegree "6".
- Wicksellian_Differential wikiPageRevisionID "632324785".
- Wicksellian_Differential wikiPageWikiLink Category:Mathematical_economics.
- Wicksellian_Differential wikiPageWikiLink Friedrich_Hayek.
- Wicksellian_Differential wikiPageWikiLink General_equilibrium.
- Wicksellian_Differential wikiPageWikiLink General_equilibrium_theory.
- Wicksellian_Differential wikiPageWikiLink Gunnar_Myrdal.
- Wicksellian_Differential wikiPageWikiLink Knut_Wicksell.
- Wicksellian_Differential wikiPageWikiLink Taylor_Rule.
- Wicksellian_Differential wikiPageWikiLink Taylor_rule.
- Wicksellian_Differential hasPhotoCollection Wicksellian_Differential.
- Wicksellian_Differential wikiPageUsesTemplate Template:Orphan.
- Wicksellian_Differential subject Category:Mathematical_economics.
- Wicksellian_Differential hypernym Approximation.
- Wicksellian_Differential type Election.
- Wicksellian_Differential comment "The Wicksellian Differential is derived from Knut Wicksell's theory of interest and is an approximation of the extent of disequilibrium in an economy.Formula: Wicksellian Differential = Natural Rate of Interest - Money Rate of InterestWicksell argued in Interest and Prices that the equilibrium of a credit economy could be ascertained by comparing the money rate of interest to the natural rate of interest.".
- Wicksellian_Differential label "Wicksellian Differential".
- Wicksellian_Differential sameAs m.0rf7v1g.
- Wicksellian_Differential sameAs Q7998454.
- Wicksellian_Differential sameAs Q7998454.
- Wicksellian_Differential wasDerivedFrom Wicksellian_Differential?oldid=632324785.
- Wicksellian_Differential isPrimaryTopicOf Wicksellian_Differential.