| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 9549188 | Economics Letters | 2005 | 8 Pages |
Abstract
Hayek posits that monetary policy alters the capital structures pursued. Job reallocation initiates, implements and operates these structures. A partial adjustment model is estimated using US manufacturing data. The results suggest Hayek's theory to be operative but lacking economic significance.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Andrew T. Young,