Una revisión de la enfermedad holandesa a la luz de la teoría austriaca del ciclo económico
[A review of the Dutch disease in the light of the Austrian theory of business cycle]
AbstractThe purpose of this paper is to review the phenomenon has been called Dutch disease in the light of Austrian business cycle theory. To this end we will see the history of Austrian business cycle theory from its roots in Wicksell ( 2000) to the extension of the theory in open economies with fiat currencies in Cachanosky (2012). We will review the concept of Dutch disease and the positions of its nature negative, neutral or positive in terms of growth, along with the problem of real exchange rate and its possible relationship with the long term growth, and taking into account the relevant differences between the economies that emit fiat currencies used as reserves and economies that import those currencies as reserves to issue their money, finally we postulate that the Dutch disease, as the economic malaise, it´s simply a variant specific and peripheral, of the distortions in the inter-temporary structure of capital by bad investments, extensively studied in the Austrian business cycle theory.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 39986.
Date of creation: 09 Jul 2012
Date of revision:
Enfermedad holandesa; macroeconomía del capital; teoría austriaca del ciclo; dinero fiduciario;
Find related papers by JEL classification:
- E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
- F31 - International Economics - - International Finance - - - Foreign Exchange
- B53 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Austrian
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-07-23 (All new papers)
- NEP-HIS-2012-07-23 (Business, Economic & Financial History)
- NEP-HPE-2012-07-23 (History & Philosophy of Economics)
- NEP-MAC-2012-07-23 (Macroeconomics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Kamas, Linda, 1986. "Dutch disease economics and the Colombian export boom," World Development, Elsevier, vol. 14(9), pages 1177-1198, September.
- Mohamed Tahar Benkhodja, 2011.
"Monetary Policy and the Dutch Disease in a Small Open Oil Exporting Economy,"
1134, Groupe d'Analyse et de Théorie Economique (GATE), Centre national de la recherche scientifique (CNRS), Université Lyon 2, Ecole Normale Supérieure.
- Mohamed Tahar Benkhodja, 2011. "Monetary Policy and the Dutch Disease in a Small Open Oil Exporting Economy," Working Papers halshs-00654511, HAL.
- Andrew Berg & Yanliang Miao, 2010. "The Real Exchange Rate and Growth Revisited," IMF Working Papers 10/58, International Monetary Fund.
- Kareem Ismail, 2010. "The Structural Manifestation of the `Dutch Diseaseâ€™," IMF Working Papers 10/103, International Monetary Fund.
- Michael Bruno & Jeffrey Sachs, 1982. "Energy and Resource Allocation: A Dynamic Model of the "Dutch Disease"," NBER Working Papers 0852, National Bureau of Economic Research, Inc.
- Emmanuel K.K. Lartey & Federico S. Mandelman & Pablo A. Acosta, 2008.
"Remittances, exchange rate regimes, and the Dutch disease: a panel data analysis,"
2008-12, Federal Reserve Bank of Atlanta.
- Emmanuel K. K. Lartey & Federico S. Mandelman & Pablo A. Acosta, 2012. "Remittances, Exchange Rate Regimes and the Dutch Disease: A Panel Data Analysis," Review of International Economics, Wiley Blackwell, vol. 20(2), pages 377-395, 05.
- Dani Rodrik, 2007.
"Introductiion to One Economics, Many Recipes: Globalization, Institutions, and Economic Growth
[One Economics, Many Recipes: Globalization, Institutions, and Economic Growth]," Introductory Chapters, Princeton University Press.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ekkehart Schlicht).
If references are entirely missing, you can add them using this form.