AN EMPIRICAL ILLUSTRATION OF THE AUSTRIAN BUSINESS CYCLE THEORY: THE CASE OF THE UNITED STATES, 1988-2010

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Miguel A. Alonso Neira
Philip Bagus
Alberto Romero Ania

Abstract

The 2007-2008 financial crisis and subsequent global economic recession have sparked renewed interest in the Austrian business cycle theory. Although for methodological reasons we have found few econometric studies that analyze this theory, in recent years several works have been published to illustrate very relevant aspects of it. The main objective of this article, after reviewing econometric literature on the Austrian cycle, is therefore to analyze the performance of the U.S. economy between 1988 and 2010 in light of the contributions of the endogenous monetary cycle theory.

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How to Cite
Alonso Neira, M. A., Bagus, P., & Romero Ania, A. (2019). AN EMPIRICAL ILLUSTRATION OF THE AUSTRIAN BUSINESS CYCLE THEORY: THE CASE OF THE UNITED STATES, 1988-2010. Investigación Económica, 72(285). Retrieved from https://revistas.unam.mx/index.php/rie/article/view/50490