Unabhängige Wirtschaftspolitik

Arnold, Lea

doi:10.1007/978-3-531-92557-8

Cited by 2 publications

(4 citation statements)

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“…The extent of this interference is a subject of controversy among economists. This can be observed in the Republic of Germany's policy consultants and the different opinions present among that group [16]. It is generally agreed on that it is necessary to create order and a framework for markets to functiona regulatory policy should be established.…”

Section: Macroeconomicsmentioning

confidence: 99%

“…In view of these aspects, two opposing general schools of thought have emerged: Ordo liberalism and Keynesianism [16].…”

Section: Macroeconomicsmentioning

confidence: 99%

“…Its key aspect is to establish order in markets. Guidance occurs solely through creation of that order, with as little further interference as possible [16]. Ordo liberalism usually favors supply-oriented polices over demand orientation.…”

Section: Macroeconomicsmentioning

confidence: 99%

“…In addition to regulatory policy, it also includes process policy. When required, demand promotion is recognized as a necessary tool to successfully shape markets and economic policy [16]. During weak economic phases, active economic policy should be applied to overcome the emerging recession by using fiscal policy funds.…”

Section: Macroeconomicsmentioning

confidence: 99%

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Forecasting Macroeconomical Indices With Machine Learning: Impartial Analysis of the Relation Between Economic Freedom and Quality of Life

Staufer¹,

Brockmann²

2018

IJSCAI

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The importance of economic freedom has often been stressed by supporters of liberalism, but can its actual effect be observed in a data driven, objective way? To analyze this relation the Economic Freedom of the World (EFW) index and the Human Development Index (HDI) were examined with modern machine learning algorithms and a wide-ranging approach. Considering the EFW index's preference of a liberalistic oriented economic policy, an objective recommendation for creating an economic policy that improves people's everyday lives might be derived by the analysis results. It was found that these more advanced algorithms achieve a considerably stronger correlation between both indices than pure statistical means yet leave a small room for interpretation towards a counter-liberalistic implementation of demand-driven economic policy.

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Section: Macroeconomicsmentioning

confidence: 99%

“…In view of these aspects, two opposing general schools of thought have emerged: Ordo liberalism and Keynesianism [16].…”

Section: Macroeconomicsmentioning

confidence: 99%

Section: Macroeconomicsmentioning

confidence: 99%

Section: Macroeconomicsmentioning

confidence: 99%

See 2 more Smart Citations