RT Generic
T1 Being a good empiricist: the case of financial instability
A1 Rodríguez Sánchez, Gonzalo
AB This article examines the Austrian Theory of Business Cycles as well as Minsky’s “financial instability hypothesis” and determine to what extent their explanations of financial crises can be integrated. I conclude that despite their confronting policy implications, both theories are complementary at the theoretical level and can benefit from cross-fertilization. In particular, they trace the root of financial crises to a disturbance of intertemporal coordination, that is, real interest rates.
YR 2021
FD 2021-12
LK https://hdl.handle.net/10016/36391
UL https://hdl.handle.net/10016/36391
LA eng
DS e-Archivo
RD 17 jul. 2024