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New evidence on the structure of production : real and Austrian business cycle theory and the financial instability hypothesis
Mulligan, Robert F. - In: Journal of economic behavior & organization : JEBO 86 (2013), pp. 67-77
Persistent link: https://www.econbiz.de/10009726209
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Roger W. Garrison and the integration of Austrian and mainstream macroeconomics
Mulligan, Robert F. - In: The journal of private enterprise 30 (2015) 4, pp. 59-79
Persistent link: https://www.econbiz.de/10011687057
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New evidence on the structure of production: Real and Austrian business cycle theory and the financial instability hypothesis
Mulligan, Robert F. - In: Journal of Economic Behavior & Organization 86 (2013) C, pp. 67-77
This article develops the relationships among real business cycle (RBC) theory, Austrian business cycle (ABC) theory, and Minsky's financial instability hypothesis (FIH). In RBC models, recessions are caused on the supply side by random technology shocks which are independent of monetary policy....
Persistent link: https://www.econbiz.de/10010688114