Essays about: "Austrian business cycle theory"
Showing result 1 - 5 of 8 essays containing the words Austrian business cycle theory.
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1. Covid-19, quantitative easing, and the awakening of abnormal returns at the Swedish stock market
University essay from Södertörns högskola/NationalekonomiAbstract : This thesis aims to investigate to what extent the quantitative easing monetary policy tool, applied by the Riksbank, contributed to abnormal returns at the Swedish stock market during Covid-19. The chosen time period is 2007-2022, including the period before and after the implementation of quantitative easing in Sweden in 2015. READ MORE
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2. An empirical study of the relationships between the MRO interest rate of the ECB and the structure of production within the EMU
University essay from Umeå universitet/NationalekonomiAbstract : In response to the last financial crisis, the European Central Bank (ECB) conducted relatively expansionary monetary policies. This included some stepwise reductions of the Main Refinancing Operations (MRO) interest rate. READ MORE
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3. Empirical revelation of the Austrian business cycle theory in Japan
University essay from Umeå universitet/NationalekonomiAbstract : 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 Impulse Response Functions to extract the impact of Japanese monetary policies on domestic structure of production, as defined in the Austrian capital theory, between the years 1983 and 2017. READ MORE
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4. Today's Credit Market - How to Avoid a House of Cards? : Austrian Full Reserves and the Chicago Plan as Alternatives to the Current Fractional Reserves
University essay from Södertörns högskola/NationalekonomiAbstract : Today’s household debt consists for the most part of credit money, and this general phenomenon does not only occur in Sweden. Money in the economy is mostly created by private banks, as much as 97 percent of the money in the United States, while central banks only create a very small share of all money. READ MORE
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5. The role of "artificially" low interest rates through credit expansion - The road to prosperity or another recession?
University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomiAbstract : Current macroeconomic doctrine holds that the aim of monetary policy should be a steady inflation rate aligned with expectations. Consequently, central banks have declared remarkably low interest rates after the financial crisis in 2008 and pursue vast monetary expansion in their battle against slumbering economic activity. READ MORE
