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.
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ژورنال
عنوان ژورنال: Panoeconomicus
سال: 2023
ISSN: ['2217-2386', '1452-595X']
DOI: https://doi.org/10.2298/pan230217018a