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An Econometric Business Cycle Model with Rational Expectations: Policy Evaluation Results
Rational Expectations Policy Evaluation Results
2015/8/5
An Econometric Business Cycle Model with Rational Expectations: Policy Evaluation Results.
Using Consumer Theory to Test Competing Business Cycle Models
Consumers luxury goods goods utilization
2015/7/20
Consumer theory suggests that expenditures on luxuries and dura-bles should be more cyclical than expenditures on necessities and nondurables. Estimating luxuriousness and durability for 57 con-sumer ...
Tyler Cowen on Austrian Business Cycle Theory: A Critique
Austrian Business Cycle Theory: Critique
2009/7/23
Cowen (1997) criticizes Austrian Business Cycle Theory (ABCT) on eight
grounds: 1. systematic errors; 2. inflation volatility; 3. confusion of inflation and savings;
4. confusion of inflation and in...
Political Competition and Convergence to Fundamentals: With Application to the Political Business Cycle and the Size of the Public Sector
public expenditure size of government long run versus short run opportunism, partisanship political competition cointegration.
2014/6/26
We address the problem of how to investigate whether economics, or politics, or both, matter in the explanation of public policy. We first pose the problem in a particular context by uncovering a pol...