All Articles tagged recession

• Notes and Replies
  February 08, 2024 CDT
  Defending the Austrian Interpretation of the 1920-21 Depression: Reply to Borazan
  Patrick Newman

  Patrick Newman argues that the 1919-1920 business cycle was due to monetary expansion, and that Borazan's (2023) "administrative decree" about resuming expansionary policy is inapplicable. Wage cuts aided recovery.

  Abstract
• Articles
  July 15, 2022 CDT
  The United States’ First Business Cycle: An Austrian Interpretation of the Panic of 1797
  Nicholas CurottTyler A. Watts

  The First Bank of the United States induced credit expansion, inflation, speculative overinvestment, external specie drain, and finally, a recession in 1797, all consistent with Austrian business cycle theory.

  Abstract
• Articles
  December 15, 2021 CDT
  The Inverted Yield Curve, Austrian Business Cycle Theory, and the True Money Supply
  Ryan GriggsRobert Murphy

  Griggs and Murphy show that the Rothbard-Salerno measure of the "true money supply" tracks Treasury bond spreads well, supporting the Austrian business cycle theory's explanation of yield curve predictive power.

  Abstract
• Book Reviews
  August 05, 2021 CDT
  Book Review: Monetary Policy after the Great Recession: The Role of Interest Rates
  Nikolay Gertchev

  Nikolay Gertchev reviews Arkadiusz Sieron's effort to investigate the failure of expansionary monetary policy to address the challenges of the 2008-09 Great Recession.

  Abstract
• Articles
  May 20, 2020 CDT
  Beyond Calculation: The Austrian Business Cycle in the Socialist Commonwealth
  Mark DeWeaver

  Mark DeWeaver argues that Mises's socialist commonwealth would not be free from Rothbardian error cycles, so that boom-bust cycles would be unavoidable under socialism.

  Abstract
• Book Reviews
  March 21, 2020 CDT
  Book Review: Narrative Economics: How Stories Go Viral and Drive Major Economic Events
  Brendan Brown

  Brendan Brown reviews Robert Shiller's book, "Narrative Economics," which argues that "economic fluctuations are substantially driven by contagion of oversimplified and easily transmitted variants of economic narratives."

  Abstract