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Historia de la reciente deflación del capital y los salarios en España: revisión de los desarrollos de la teoría de ciclos económicos
[A history of the recent deflation of capital and wages in Spain: review of developments on economic cycle theory]

Author

Listed:
  • Antonio Sánchez-Bayón

    (Economía Aplicada, Universidad Rey Juan Carlos)

  • Marcos Castro-Oliva

    (GESCE, Universidad Rey Juan Carlos)

Abstract

Se ofrece una historia intelectual de la revisión de la teoría de ciclos, aplicándose la misma a la Eurozona, con sus auges y recesiones, dando lugar a su deflación del capital con la Gran Recesión de 2008. Se focaliza la atención en la ilustración del caso español y su ciclo, con el auge por la incorporación del euro, dando lugar a una subida continua de precios, generándose una serie de burbujas por las políticas fiscales y monetarias expansivas que terminaron en una gran recesión y deflación del capital y salarios. Para realizar este estudio, se ha acudido a la síntesis heterodoxa, que combina los aportes de la Escuela Austriaca (también sometida a revisión por las nuevas generaciones) junto con los enfoques neoinstitucionalistas y culturales, permitiéndose así una mejor ilustración empírica de la teoría económica.

Suggested Citation

  • Antonio Sánchez-Bayón & Marcos Castro-Oliva, 2022. "Historia de la reciente deflación del capital y los salarios en España: revisión de los desarrollos de la teoría de ciclos económicos [A history of the recent deflation of capital and wages in," Iberian Journal of the History of Economic Thought, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Dpto. Historia e Instituciones Económicas I., vol. 9(2), pages 111-131.
    • Handle: RePEc:ucm:ijohet:v:9:y:2022:i:2:p:111-131
    DOI: 10.5209/ijhe.82760
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    More about this item

    Keywords

    Capital deflation; Austrian business cycle theory; Monetary policy; Capital-based macroeconomics.;
    All these keywords.

    JEL classification:

    • B5 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
    • G2 - Financial Economics - - Financial Institutions and Services
    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State

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