Mitwirkende: Freydorf, Christoph (Wissenschaftliche Arbeitsgruppe nachhaltiges Geld)
Scientific paper contribution: How does the monetary system work, does it require economic growth, and are there monetary policy options allowing degrowth?
Abstract: Degrowth strategies are not only depending on political decisions, but also on concepts of economic orders which permit the expectation to be stable and prosperous without the necessity of nominal or real (throughput of natural resources) growth rates. One important aspect is the monetary policy, which is widely suspected to play a crucial role for both, the necessity to growth as well as its enabling and steering. Therefore it is important to understand the basic mechanisms of contemporary monetary systems, outline problems and dilemmas of the current monetary policy and to thoroughly examine the feasibility of unconventional reform options in order to allow a degrowth economy.