The aim of this paper is to empirically investigate the explanatory power of Austrian business cycle theory (ABCT). My dataset consists of US quarterly time series within the period 1978–2013. Following Wainhouse (1984), Keeler (2001) and others I employ Granger causality as one of the primary...

The Musharakah Mutanaqisah Partnership model or the MMP is fast gaining popularity in Islamic home financing, for jurists and the bankers both validate it as a totally interest free structure. We have exploded the myth of thatvalidation in our earlier writings and reinforce our argument here ....