ABSTRACT

Risk and Business Cycles examines the causes of business cycles, a perennial topic of interest within economics. The author argues the case for the revival of an important role for monetary causes in business cycle theory, which challenges the current trend towards favouring purely real theories. The work also presents a critique of the traditional

chapter 1|12 pages

INTRODUCTION

chapter 2|31 pages

A RISK-BASED THEORY IN REAL TERMS

chapter 3|32 pages

A RISK-BASED THEORY IN MONETARY TERMS

chapter 4|39 pages

BUSINESS CYCLES WITHOUT RATIONAL EXPECTATIONS: THE TRADITIONAL APPROACH OF THE AUSTRIAN

The Traditional Approach of the Austrian School

chapter 5|35 pages

EMPIRICAL EVIDENCE