Quarterly Journal of Austrian Economics

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Negative Inflation Targeting: A Proposal of a Non-Distortionary Monetary Policy

Business CyclesMonetary TheoryMoney and Banking

01/06/2020Quarterly Journal of Austrian Economics
Tomáš Frömmel contends that a negative inflation target combined with the Taylor Rule can be a non-distortionary monetary policy consistent with Austrian business cycle theory.
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New-Product Research and Development: The Earliest Stage of the Capital Structure

Business CyclesCapital and Interest Theory

07/30/2018Quarterly Journal of Austrian Economics
Deepening the understanding of the capital structure by unpacking the process that coordinates capital within the new-product R&D stage of the capital structure is the purpose of this paper.
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Ngrams and the Austrian School

Austrian Economics OverviewHistory of the Austrian School of Economics

11/19/2014Quarterly Journal of Austrian Economics
The Google Ngram Viewer is used to highlight some of the ideas, nomenclature, individuals, and events that have come to comprise the Austrian tradition. Key terms and literature are also examined primarily using the English corpus, with occasional examinations using German and French corpus as well...
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Not Enough Bricks: Monetary Misperceptions and the UK Housing Boom

Booms and BustsGlobal Economy

08/21/2014Quarterly Journal of Austrian Economics
This article analyzes the housing boom witnessed in the UK economy from 1994–2007 in light of the Austrian theory of the business cycle (ABC). Ludwig von Mises’s parable of the “bricks” is utilized to provide empirical
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qjae17_1_2.pdf

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Neither Efficient nor Animally Spirited, but Eventually Adjusting: The Stock Market According to L.A. Hahn

Financial Markets

07/30/2014Quarterly Journal of Austrian Economics
The Efficient Markets Hypothesis (EMH) was dealt a fatal blow by the financial crisis of 2007-2009, out of which we have witnessed a revival of Keynesian conceptions of the financial markets.
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qjae15_1_4.pdf

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Neoclassical Microeconomic Theory: The Founding Austrian Version, by A.M. Endres

History of the Austrian School of Economics

07/30/2014Quarterly Journal of Austrian Economics
Endres has done an adequate job of high lighting elements of distinctiveness and similarity among the founding Austrians (Menger, Wieser, and Böhm-Bawerk) which go beyond the cut-and-dried methodological issues emphasized by later Austrians.
Formats

qjae1_3_10.pdf

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New Keynesian Monetary Views: A Comment

Monetary Theory

07/30/2014Quarterly Journal of Austrian Economics
The fundamental question we have to confront in the theory of monetary policy is therefore not whether money affects the real economy—yes it does, both in the short run and in the long run
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qjae6_4_6.pdf

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Note: Wolverines, Razorbacks, and Skyscrapers

Booms and BustsBusiness Cycles

07/30/2014Quarterly Journal of Austrian Economics
The Cantillon effects cited in Thornton (2005) are a consequence of the central bank, and result in entrepreneurial errors during expansions in the NBER’s US business cycle chronology.
Formats

qjae13_4_4.pdf

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Natural and Neutral Rates of Interest in Theory and Policy Formulation

Capital and Interest Theory

07/30/2014Quarterly Journal of Austrian Economics
The so-called "art of central banking" lies in picking the "right" target interest rate. But, there's no way to know the "correct" rate without giving markets freedom from central bankers.
Formats

qjae9_4_6.pdf

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New Perspectives on the Economic Approach to Bureaucracy

Big GovernmentInterventionism

07/30/2014Quarterly Journal of Austrian Economics
Bureaucracy may denote either a means of management, or a particular kind of organization. Characteristics of such organizations include the existence of a discretionary budget
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qjae13_2_3.pdf

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