About: Money and Business Cycles: Lessons Not Taken from the Great Depression

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An Entity of Type : http://linked.opendata.cz/ontology/domain/vavai/Vysledek, within Data Space : linked.opendata.cz associated with source document(s)

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rdf:type	skos:Concept http://linked.opendata.cz/ontology/domain/vavai/Vysledek
Description	The present paper deals with monetary theories of the business cycle, illustrated on the example of the Great Depression. I show that the current macroeconomic consensus, drawing heavily from monetarism, largely overlooks the effect of monetary expansions on the interest rate, which is an essential intertemporal price in the economy. Next, I argue that monetary expansions are not the cure for, but the cause of the business cycle, working through distortion of the interest rate. The 1920s, while generally known for price stability, are then shown to be a period of massive monetary inflation that laid the foundations for the subsequent Great Depression. The present paper deals with monetary theories of the business cycle, illustrated on the example of the Great Depression. I show that the current macroeconomic consensus, drawing heavily from monetarism, largely overlooks the effect of monetary expansions on the interest rate, which is an essential intertemporal price in the economy. Next, I argue that monetary expansions are not the cure for, but the cause of the business cycle, working through distortion of the interest rate. The 1920s, while generally known for price stability, are then shown to be a period of massive monetary inflation that laid the foundations for the subsequent Great Depression. (en)
Title	Money and Business Cycles: Lessons Not Taken from the Great Depression Money and Business Cycles: Lessons Not Taken from the Great Depression (en)
skos:prefLabel	Money and Business Cycles: Lessons Not Taken from the Great Depression Money and Business Cycles: Lessons Not Taken from the Great Depression (en)
skos:notation	RIV/00216208:11230/09:10100344!RIV12-MSM-11230___
http://linked.open...avai/riv/aktivita	Z
http://linked.open...avai/riv/aktivity	Z(MSM0021620841)
http://linked.open...vai/riv/dodaniDat	2012
http://linked.open...aciTvurceVysledku	Ryska, Pavel
http://linked.open.../riv/druhVysledku	D - Článek ve sborníku
http://linked.open...iv/duvernostUdaju	S - Úplné a pravdivé údaje nepodléhající ochraně podle zvláštních právních předpisů
http://linked.open...titaPredkladatele	Univerzita Karlova v Praze / Fakulta sociálních věd
http://linked.open...dnocenehoVysledku	327289
http://linked.open...ai/riv/idVysledku	RIV/00216208:11230/09:10100344
http://linked.open...riv/jazykVysledku	eng - angličtina
http://linked.open.../riv/klicovaSlova	Great Depression.; Austrian school; monetarism; monetary policy; Business cycle (en)
http://linked.open.../riv/klicoveSlovo	Business cycle monetary policy monetarism Great Depression. Austrian school
http://linked.open...ontrolniKodProRIV	[CB153F927F7F]
http://linked.open...v/mistoKonaniAkce	Ostrava, ČR
http://linked.open...i/riv/mistoVydani	Ostrava
http://linked.open...i/riv/nazevZdroje	%22Velká deprese%22 a její odraz v ekonomické teorii a praxi
http://linked.open...in/vavai/riv/obor	AH
http://linked.open...ichTvurcuVysledku	1 (xsd:int)
http://linked.open...cetTvurcuVysledku	1 (xsd:int)
http://linked.open...UplatneniVysledku	2009
http://linked.open...iv/tvurceVysledku	Ryska, Pavel
http://linked.open...vavai/riv/typAkce	EUR - Evropská
http://linked.open.../riv/zahajeniAkce	2009-11-11 (xsd:date)
http://linked.open...n/vavai/riv/zamer	Development of the Czech Society in the EU: challenges and risks
number of pages	10 (xsd:int)
http://purl.org/ne...btex#hasPublisher	Vysoká škola báňská - Technická univerzita Ostrava
https://schema.org/isbn	978-80-248-2150-4
http://localhost/t...ganizacniJednotka	11230

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