Empirical revelation of the Austrian business cycle theory in Japan
The Austrian business cycle theory suggest that monetary policies can change relative prices in the economy, leadings to unsustainable changes in the structure of production and ultimately decreasing efficiency as the structure of production corrects. This paper uses VAR and VEC estimations with Imp...
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| Format: | Others |
| Language: | English |
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Umeå universitet, Nationalekonomi
2019
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| Online Access: | http://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-161082 |