Money, Capital, and Business Cycles
Date
2014-08
Authors
Schibuola, Alexander David Fernando
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Abstract
Chapter 1, "New Perspectives on the Old Austrian Business Cycle Theory," subjects the Austrian capital-based macroeconomics to a variety of shocks and graphs the resulting time paths of key variables. Since accounts of the Austrian business cycle theory can be difficult to follow, Chapter 1 more clearly and concisely depicts exactly what occurs as an Austrian-variety business cycle unfolds.
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Keywords
Economics, Austrian business cycle theory, Business cycles, Capital, Macroeconomics, Monetary policy, Money