The Real Cause of the Business Cycle
9 Aug 2024 5 minute read 0 comments Ship Shard
Publication in Russian on the Zen bloghttps://dzen.ru/a/ZrZOS5K2djNvXWqF When there is a divergence between the bank rate and the marginal productivity of capital, a disequilibrium in the money market occurs, which can initiate a cumulative process t...