Komrska, Martin - In: Politická ekonomie 2015 (2015) 1, pp. 57-73
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...