Yield curve as forward indicator of recession: Austrian economics insights

نویسندگان

چکیده

This is a heterodox review on macroeconomics according to the Austrian Economics. The business cycle theory explains origin of boom-bust cycles based difference between natural interest rates and banking rates, which comes from artificial processes monetary credit expansion. yield curve, an instrument detect deviation policies, forward indicator cycles. article studies impact curve slope requirements for access bank credit, distorting effect expansionary policies capital structure. In environment artificially low these distortions become accumulation long-term failed investments that markets cannot assume, with consequent readjustment or recession. To control bust, it could be useful illustrates here.

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

The Yield Curve as a Leading Indicator: Frequently Asked Questions

broad literature originating in the late 1980s documents the empirical regularity that the slope of the yield curve is a reliable predictor of future real economic activity. Today, there exists a substantial body of evidence from which various useful stylized facts have emerged. This catalogue of some of the salient findings takes the form of answers to frequently asked questions. An extensive ...

متن کامل

The Rebirth of Austrian Economics— in Light of Austrian Economics

Since human beings are not disembodied minds who instantly and costlessly absorb new knowledge, every scientific movement, if it is to flourish and advance, requires an institutional framework. By the institutional framework of a science, I mean a complementary set of means aimed at developing its ideas and theories, disseminating them among its active researchers and teachers, and inculcating ...

متن کامل

Austrian Economics , Neoclassical Economics , Marketing , and Finance

51 WALTER BLOCK is the Harold E. Wirth eminent scholar endowed chair in economics, WILLIAM BARNETT II is associate professor of economics, and STUART WOOD is associate professor of economics and finance at Loyola University, New Orleans. Block would like to thank David Kennedy, Tony Sullivan, and the Board of Directors of the Earhart Foundation for financial support used to write this paper. An...

متن کامل

The Philosophy of Austrian Economics

T his is a useful, clearly written study of the philosophical origins of Menger's theorizing in economics . As the author points out in his conclusion: philosophy has been an accompanying presence at every stage in the development of Austrian economics. Moreover, "Action, that leitmotif of praxeology, has in the Austrian tradition received a distinctly Aristotelian analysis. Austrian economics ...

متن کامل

Feminist economics: an Austrian perspective

This paper attempts to assess the recent literature on feminist economics from the perspective of modern Austrian economics. Feminists and Austrians share many epistemological and methodological criticisms of neoclassical theory, although Austrians have never linked those criticisms to gender. Both groups argue that the attempt to mimic the methods of the natural sciences has been a particular ...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: Panoeconomicus

سال: 2023

ISSN: ['2217-2386', '1452-595X']

DOI: https://doi.org/10.2298/pan230217018a