MatiasVernengoonthe Natural RateofInterest
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Matias Vernengo has a great post here on Austrians and the natural rate of interest:

MatiasVernengo, “OnAustriansandthe Natural RateofInterest,” NakedKeynesianism, August 9.

The highlight is Vernengo’s observation that Juan Ramón Rallo’s re-interpretation of the Austrian business cycle theory, in which there is a mismatch between real savings and investment, requires an equilibrium natural rate, despite Rallo’s protestations to the contrary.

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