IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-03239-6_15.html
   My bibliography  Save this book chapter

Natural and Market Rates of Interest and the Trade Cycle

In: Robertsonian Economics

Author

Listed:
  • John R. Presley

Abstract

As has been hinted at on several occasions, an increasing number of economists from the early part of the 20th century onwards attempted to explain cyclical fluctuations in terms of a divergence between the natural and the market rate of interest. This stimulated Robertson to devote an article to an examination of this explanation of the cycle in 1934.1 This chapter begins with a brief historical picture of the distinction that has been made between natural and market rates of interest, it then explores the use made of this distinction by the Swedish and Austrian schools in explaining the cycle, and ends with Robertson’s own views on the natural rate of interest and its role in the cycle.

Suggested Citation

  • John R. Presley, 1978. "Natural and Market Rates of Interest and the Trade Cycle," Palgrave Macmillan Books, in: Robertsonian Economics, chapter 9, pages 152-164, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-03239-6_15
    DOI: 10.1007/978-1-349-03239-6_15
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-349-03239-6_15. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.