“The Great Depression According to Milton Friedman”

– June 16, 2010

“Few events in U.S. history can rival the Great Depression for its impact. The period from 1929 to 1941 saw fundamental changes in the landscape of American politics and economics, including such monumental events as America ’s going off the gold stand …

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“Fed’s Plosser: Sustainable Economic Recovery Is Now Underway”

– June 11, 2010

“With a sustainable economic recovery now underway, policy makers will soon have to start thinking about pulling back their monetary stimulus to ensure inflation stays low and inflation expectations remain well-anchored, Philadelphia Federal Reserve Pr …

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“Monetary Policy Rules and Business Cycles”

– June 11, 2010

“Basic features of business cycle properties under both exogenous and endogenous monetary policy rules are examined in calibrated dynamic stochastic general equilibrium models with nominal rigidities (the nominal wage contract model, the monopolistic c …

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“The Great 18-Year Real Estate Cycle”

– May 18, 2010

“On January 3rd, US Federal Reserve Chairman Ben S. Bernanke delivered a major speech at the annual meeting of the American Economic Association. In his formal paper, “Monetary Policy and the Housing Bubble,” Chairman Bernanke argues that the Fed’s mon …

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Business Cycles in Powerpoint

– May 10, 2010

Dr. Roger Garrison, Professor of Economics at Auburn University, has constructed a variety of useful slideshow presentations to aid students in understanding the workings of the market system. For those unfamiliar with the Austrian Business Cycle Theor …

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Hayek’s Contribution to Monetary Theory

– May 8, 2010

“Those who wish to preserve freedom should recognize, however, that inflation is probably the most important single factor in that vicious circle wherein one kind of government action makes more and more government control necessary. For this reason, a …

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“The Austrian Theory of the Trade Cycle”

– May 6, 2010

“Nowadays it is usual in economics to talk about the Austrian theory of the trade cycle. This description is extremely flattering for us Austrian economists, and we greatly appreciate the honor thereby given us. Like all other scientific contributions, …

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Let’s Talk Some Monetary Theory and the Trade Cycle

– May 5, 2010

“For the graduate students, my focus is both to communicate the basic idea (and research puzzles) of how to study intertemporal coordination. I have asked them to think about the relationship between Hayek’s 1928 paper on price equilibrium and movement …

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What Austrian Economics Can Tell Us about the Crisis

– April 28, 2010

The recent financial crisis has called into question several basic tenets of mainstream macroeconomics. In the words of William White, former chief economist of the Bank for International Settlements (BIS), “the prevailing paradigm of macroeconomics al …

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Wolf and Krugman Discuss Austrian Economics

– April 28, 2010

Martin Wolf (Financial Times) and Paul Krugman (New York Times) discuss Austrian economics.

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Lessons from the History of Financial Regulation

– April 27, 2010

Charles W. Calomiris, who is Professor of Financial Institutions at Columbia Business School and a visiting scholar at the American Enterprise Institute, has recently published a paper on the lessons that can be drawn from the history of financial regu …

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“BOE Unanimously Kept Bond Plan at 200 Billion Pounds”

– April 21, 2010

“Bank of England policy makers unanimously kept their bond-purchase plan at 200 billion pounds ($307 billion) in April as some officials showed mounting concern at the prospect of a prolonged bout of faster inflation. The nine-member Monetary Policy Co …

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