New evidence on the structure of production: Real and Austrian business cycle theory and the financial instability hypothesis

2013 ◽  
Vol 86 ◽  
pp. 67-77 ◽  
Author(s):  
Robert F. Mulligan
Keyword(s):  
Business Cycle ◽  
Financial Instability ◽  
Business Cycle Theory ◽  
Austrian Business Cycle Theory ◽  
Austrian Business Cycle ◽  
New Evidence ◽  
Structure Of Production

scholarly journals From Orthodoxy to Heterodoxy: Financial Crisis Literature Compared

2016 ◽  
Vol 63 (s1) ◽  
pp. 71-87
Author(s):  
Ignacio Martínez ◽  
Gabriel Mursa
Keyword(s):  
Financial Crisis ◽  
Business Cycle ◽  
Financial Markets ◽  
Financial Crises ◽  
Financial Instability ◽  
Business Cycle Theory ◽  
Economic Cycle ◽  
Austrian Business Cycle Theory ◽  
Economic Downturns ◽  
Austrian Business Cycle

Abstract In this paper we’ll attempt to explain the connection between interventionism in financial markets, financial crises and economic downturns, as the main cause of the financial crisis mainstream models; As well as the connection between the theories of Austrian and Minsky’s economic cycle as branches of heterodox economic theory. In order to achieve this target, we’ll begin with a brief introduction of mainstream financial crises models in the orthodox economic literature, then we’ll examine the statements of the Austrian Business Cycle Theory and the Financial Instability Hypothesis, and evaluate whether a connection between the two. We conclude that Financial Instability Hypothesis can be studied as a particular case of the Austrian Business Cycle Theory.

scholarly journals Minsky’s Financial Instability Hypothesis vs. Austrian Business Cycle Theory

2018 ◽  
pp. 155-186
Author(s):  
Olga Peniaz
Keyword(s):  
Comparative Analysis ◽  
Interest Rate ◽  
Business Cycle ◽  
Empirical Studies ◽  
Jel Classification ◽  
Financial Instability ◽  
Business Cycle Theory ◽  
Austrian Business Cycle Theory ◽  
Palabras Clave ◽  
Austrian Business Cycle

This article represents a detailed theoretical analysis, focusing on two heterodox theories: the Minsky’s Financial Instability Hypothesis and the Aus- trian Business Cycle Theory, particularly in the light of the 2008 crisis. It provi- des a theoretical comparative analysis of these theories and a review of the empirical studies of two approaches. Keywords: Economic crisis, interest rate, austrian business cycle theory, finan- cial instability hypothesis. JEL Classification: E32, E44, E52, E58. Resumen: Este artículo ofrece un análisis teórico detallado, centrado en dos teorías heterodoxas: la Hipótesis de la Inestabilidad Financiera de Minsky y la Teoría Austríaca del Ciclo Económico, especialmente en vista de la crisis de 2008. Este trabajo proporciona un análisis comparativo teórico de estas teo- rías y una revisión de los estudios empíricos de ambos enfoques. Palabras clave: Crisis económica, tipo de interés, teoría austriaca del ciclo eco- nómico, hipótesis de inestabilidad financiera. Clasificación JEL: E32, E44, E52, E58.

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