Return to search

A Contribution to the Austrian Business Cycle Theory: Uncertainty and Price Expectations / Příspěvek k rakouské teorii hospodářského cyklu: Nejistota a cenová očekávání

Common critique of the Austrian business cycle theory states that the Austrian cycle could not be initiated under the rational expectations hypothesis. This thesis therefore investigates the role of price expectations of entrepreneurs in the Austrian cycle theory. We conclude that this theory might be compatible with rational expectations only under several assumptions. The rational expectations hypothesis is, however, evaluated rather critically concluding it is quite strong and unrealistic assumption. Various regimes of monetary policy are discusses in the context of price expectations.

Identiferoai:union.ndltd.org:nusl.cz/oai:invenio.nusl.cz:205312
Date January 2016
CreatorsFrömmel, Tomáš
ContributorsŠevčík, Miroslav, Potužák, Pavel
PublisherVysoká škola ekonomická v Praze
Source SetsCzech ETDs
LanguageEnglish
Detected LanguageEnglish
Typeinfo:eu-repo/semantics/masterThesis
Rightsinfo:eu-repo/semantics/restrictedAccess

Page generated in 0.0021 seconds