Growth and Comparison with the Neoclassical Growth Model -- 7. The Austrian Business Cycle Theory -- 8. Exogenous Shock to …1. Introduction -- 2. The Austrian Theory of Capital -- 3. The Böhm-Bawerkian Theory of Capital and Interest -- 4. The … Shock and the Endogenous Response of the Money Supply -- 12. The Natural Rate of Interest and the Natural Output -- 13 …

model has in addition a credit productivity shock. The paper compares the performance of the models in explaining the … puzzles of the monetary business cycle theory. The credit model improves the ability to explain the procyclic movement of …