Business Cycles

G. R. Steele

Chapter 9 in The Economics of Friedrich Hayek, 2007, pp 151-175 from Palgrave Macmillan

Abstract: Abstract In the period immediately following The Great War, the causes and nature of business cycles attracted much study and discussion in Germany. The impact of the war (and its aftermath) in producing enormous price fluctuations throughout Europe was the immediate stimulus for this interest. The search was for a feature of market economies that might serve as a general explanation for the experience of price instability and business fluctuations.

Keywords: Interest Rate; Business Cycle; Final Good; Intermediate Good; Monetary Expansion (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-80148-6_9

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DOI: 10.1057/9780230801486_9

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