David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
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Critical Review 7 (2-3):277-306 (1993)
How well is Austrian business cycle theory corroborated by empirical evidence? This question is addressed by examining the contraction of 1990?1991 and the expansion leading up to it. An overview of the Austrian theory of the business cycle permits the identification of several empirical propositions implied by the theory. Empirical data for several economic variables are examined for consistency with the patterns suggested by the theory. The evidence suggests a muted Austrian cyclical process at work in conjunction with other factors during the time period studied.
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References found in this work BETA
Roger W. Garrison (1993). The Roaring Twenties and the Bullish Eighties: The Role of Government in Boom and Bust. Critical Review 7 (2-3):259-276.
Citations of this work BETA
Tyler Cowen (2000). Risk and Business Cycles: Reply to Rosser. Critical Review 14 (1):89-94.
Lawrence H. White (1993). What has Been Breaking U.S. Banks? Critical Review 7 (2-3):321-334.
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