The ABCT making its presence in the maintream literature

A few days ago, inspired by a recent paper by Guillermo Calvo, Peter Boettke asked at Coordination Problem to complete a list of recent “non-Austrian” papers that implicitly or explicitly use the ABCT to explain what went wrong in the 2008 financial crisis.

Here’s a list with some papers I encountered in the last few years, plus some suggestion by others (i.e. Roger Koppl in the comment section of Pete’s post):

  1. Borio, C., & Disyatat, P. (2011). Global Imbalances and the Financial Crisis: Link or no Link? BIS Working Papers 346.
  2. Borio, Claudio and Philip Lowe. 2002. Asset prices, financial and monetary stability: exploring the nexus. BIS Working Paper No. 114.
  3. Borio, C & W. White (2003): “Whither monetary and financial stability? The implications of evolving policy regimes”, in Monetary Policy and Uncertainty: Adapting to a Changing Economy, proceedings of a symposium sponsored by the Federal Reserve Bank of Kansas City, Jackson Hole, 28-30 August, pp 131–211.
  4. Caballero, R. J. (2010). Macroeconomics after the Crisis: Time to Deal with the Pretense-of-Knowledge Syndrome. Journal of Economic Perspectives, 24(4), 85–102. doi:10.1257/jep.24.4.85
  5. Calvo, G. A. (2013). Puzzling Over the Anatomy of Crises: Liquidity and te Veil of Finance.
  6. Diamond, D. W., & Rajan, R. G. (2009). Illiquidity and Interest Rate Policy. NBER Working Paper Series 15197.
  7. Diamond, D. W., & Rajan, R. G. (2009). The Credit Crisis: Conjectures about Causes and Remedies. American Economic Review, 99(2), 606–610. doi:10.1257/aer.99.2.606
  8. Leijonhufvud, A. (2009). Out of the Corridor: Keynes and the Crisis. Cambridge Journal of Economics, 33(4), 741–757. doi:10.1093/cje/bep022
  9. Jorda, Schularick and Taylor (2011). Financial Crisis, Credit Booms, and External Imbalances: 140 Years of Lessons. IMF Economic Review, 59(2), 340-378
  10. McKinnon, R. (2010). Rehabilitating the Unloved Dollar Standard. Asian-Pacific Economic Literature, 24(2), 1–18. doi:10.1111/j.1467-8411.2010.01258.x
  11. Meltzer, A. H. (2009). Reflections on the Financial Crisis. Cato Journal, 29(1), 25–30.
  12. Ohanian, L. E. (2010). The Economic Crisis from a Neoclassical Perspective. Journal of Economic Perspectives, 24(4), 45–66. doi:10.1257/jep.24.4.45
  13. Schwartz, A. J. (2009). Origins of the Financial Market Crisis of 2008. Cato Journal, 29(1), 19–23.
  14. Taylor, J. B. (2009). Getting Off Track. Stanford: Hoover Institute Press.
  15. White, W. (2006). Is Price Stability Enough? BIS Working Paper 205.
  16. White, W. 2013. The Short and Long Term Effects of Ultra-Easy Monetary Policy.

¿Una lectura Mises-Hayek de la crisis desde la economía formal?

La crisis financiera del 2008 ha generado bastante movimiento en la economía, que ha tratado de ofrecer respuesta a qué motivos generaron el problema. No son pocos los economistas (no ‘austriacos’) que ofrecen una lectura Mises-Hayek de la crisis. Por ejemplo:

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