• Corpus ID: 17293967

Relative Prices and the Business Cycle

@inproceedings{Keeler2001RelativePA,
  title={Relative Prices and the Business Cycle},
  author={James P. Keeler and Kenyon},
  year={2001}
}

Figures from this paper

Austrian business cycle theory: Empirical evidence

The Austrian approach to business cycles has been seldom examined in econometric terms. This paper first reviews the essentials of that approach and the recent application of the Austrian business

Austrian persistence? Capital-based business cycle theory and the dynamics of investment spending

Survey data are used to investigate the very long spending lags estimated in neoclassical studies of investment expenditures. Neoclassical investment theory has trouble explaining the length of these

Modelling the impact of changes in the interest rates on the economy: An Austrian perspective

Even though econometric models and yield curve analysis are useful in assessing the impact of interest rate changes on the economic structure, their power to predict the magnitude and direction of

References

SHOWING 1-10 OF 25 REFERENCES

Measuring Monetary Policy with VAR Models: An Evaluation

The Importance of Sectoral and Aggregate Shocks in Business Cycles

The theoretical literature on business cycles proposes numerous causes for their occurrence. This paper attempts to measure the relative importance of aggregate, whether real or nominal, and sectoral

In search of the liquidity effect

More Evidence on the Money-Output Relationship

Recent studies have found that money loses its explanatory power over output if the 1980s are included in the sample. Interest rates, not money, appear to predict output. Using annual data for

Time and Money: The Macroeconomics of Capital Structure

Part I 1: The Macroeconomics of Capital Structure 2: An Agenda for Macroeconomics Part II 3: Capital-based Macroeconomics 4: Sustainable and Unsustainable Growth 5: Fiscal and Regulatory Issues 6:

The Cyclical Behavior of Individual Production Series, 1889–1984

This paper uses simple summary statistics to analyze the volatility, persistence, and comovement of 38 annual individual production series for the period 1889–1984. It seeks to identify the size,

Structural Models of the Liquidity Effect

In this paper we examine a number of recent studies that claim to have obtained a well-defined liquidity effect using structural VAR models based on broad measures of money. These studies can be