Post-Pandemic Business Cycle in Poland and in the United States in the Light of the Austrian Business Cycle Theory

Autor: Benedyk Mateusz, Sieroń Arkadiusz
Jazyk: angličtina
Rok vydání: 2023
Předmět:
Zdroj: Studies in Logic, Grammar and Rhetoric, Vol 68, Iss 1, Pp 229-259 (2023)
Druh dokumentu: article
ISSN: 2199-6059
DOI: 10.2478/slgr-2023-0012
Popis: The purpose of the article is to examine the post-pandemic business cycle in Poland and in the United States in the light of the Austrian business cycle theory. The study shows that this theory satisfactorily explains the post-pandemic business cycle. Moreover, it seems that the Austrian business cycle theory explains some important facts better than competing theories of business cycle. The analysis also indicates that the post-pandemic business cycle differs significantly in many respects from previous business cycles – and that these differences could be explained within the framework of the Austrian business cycle theory.
Databáze: Directory of Open Access Journals