进一步分解:对安德鲁·杨(2012)的简短反驳

ERN: Business Cycles (Topic) Pub Date : 2013-12-15 DOI:10.2139/ssrn.2367967

D. Gorbatenko

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引用次数: 0

摘要

Young(2011)提出了一种复杂的方法来对抗奥地利经济周期理论的证据。然而，这种方法最终与该理论的核心预测不符，该理论认为，过度迂回的投资项目会在经济崩溃前夕出现问题。这种方法的问题最终源于该理论的过度聚合版本。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Disaggregate It Further: A Brief Rejoinder to Andrew Young (2012)

Young (2011) proposes a sophisticated approach to confronting the Austrian Business Cycle Theory with evidence. However, this approach is ultimately inconsistent with the central prediction of the theory about the presence of excessively roundabout investment projects turning sour on the eve of the economic bust. The problems of this approach ultimately stem from an excessively aggregative version of the theory.

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ERN: Business Cycles (Topic)

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