Each month, one of our Research Reports articles is devoted to current business-cycle conditions. Each of these monthly discussions includes a full set of charts of AIER's primary leading, coincident and lagging statistical indicators. We also produce two charts that aggregate the movements of the 12 leading indicators. We often publish these two charts with the monthly report, however, space does not always permit them to be included.
Business-Cycle Conditions, History of Economic Thought, Monetary Policy, Sound Money Project
"The Great Depression According to Milton Friedman"
"Few events in U.S. history can rival the Great Depression for its impact. The period from 1929 to 1941 saw fundamental changes in the landscape of American politics and economics, including such monumental events as America 's going off the gold stand …
Business-Cycle Conditions, Central Banking, Sound Banking, Sound Money Project
"Fed's Plosser: Sustainable Economic Recovery Is Now Underway"
"With a sustainable economic recovery now underway, policy makers will soon have to start thinking about pulling back their monetary stimulus to ensure inflation stays low and inflation expectations remain well-anchored, Philadelphia Federal Reserve Pr …
Business-Cycle Conditions, Monetary Policy, Sound Banking, Sound Money Project
"Monetary Policy Rules and Business Cycles"
"Basic features of business cycle properties under both exogenous and endogenous monetary policy rules are examined in calibrated dynamic stochastic general equilibrium models with nominal rigidities (the nominal wage contract model, the monopolistic c …
"The Great 18-Year Real Estate Cycle"
"On January 3rd, US Federal Reserve Chairman Ben S. Bernanke delivered a major speech at the annual meeting of the American Economic Association. In his formal paper, "Monetary Policy and the Housing Bubble," Chairman Bernanke argues that the Fed's mon …
Business-Cycle Conditions, History of Economic Thought, Sound Money Project
Business Cycles in Powerpoint
Dr. Roger Garrison, Professor of Economics at Auburn University, has constructed a variety of useful slideshow presentations to aid students in understanding the workings of the market system. For those unfamiliar with the Austrian Business Cycle Theor …
Hayek's Contribution to Monetary Theory
Marius Gustavson
"Those who wish to preserve freedom should recognize, however, that inflation is probably the most important single factor in that vicious circle wherein one kind of government action makes more and more government control necessary. For this reason, a …
"The Austrian Theory of the Trade Cycle"
"Nowadays it is usual in economics to talk about the Austrian theory of the trade cycle. This description is extremely flattering for us Austrian economists, and we greatly appreciate the honor thereby given us. Like all other scientific contributions, …
Let's Talk Some Monetary Theory and the Trade Cycle
"For the graduate students, my focus is both to communicate the basic idea (and research puzzles) of how to study intertemporal coordination. I have asked them to think about the relationship between Hayek's 1928 paper on price equilibrium and movement …
Business-Cycle Conditions, History of Economic Thought, Monetary Policy, Sound Banking, Sound Money Project
What Austrian Economics Can Tell Us about the Crisis
The recent financial crisis has called into question several basic tenets of mainstream macroeconomics. In the words of William White, former chief economist of the Bank for International Settlements (BIS), "the prevailing paradigm of macroeconomics al …
Business-Cycle Conditions, Fiscal Policy, History of Economic Thought, Monetary Policy, Sound Banking, Sound Money Project, Unemployment
Wolf and Krugman Discuss Austrian Economics
Martin Wolf (Financial Times) and Paul Krugman (New York Times) discuss Austrian economics.
Business-Cycle Conditions, History of Economic Thought, Sound Banking, Sound Money Project
Lessons from the History of Financial Regulation
Charles W. Calomiris, who is Professor of Financial Institutions at Columbia Business School and a visiting scholar at the American Enterprise Institute, has recently published a paper on the lessons that can be drawn from the history of financial regu …
Business-Cycle Conditions, Central Banking, Inflating, Sound Banking, Sound Money Project
"BOE Unanimously Kept Bond Plan at 200 Billion Pounds"
"Bank of England policy makers unanimously kept their bond-purchase plan at 200 billion pounds ($307 billion) in April as some officials showed mounting concern at the prospect of a prolonged bout of faster inflation. The nine-member Monetary Policy Co …