I'd especially recommend Andrew Young's empirical treatment of ABCT. If first read the paper a couple months ago and really liked it. I'll be discussing it and other empricial treatments of ABCT in my Critical Review paper on Hayek, but this one is one of my favorite of the genre.
For those who get a chance to read it: where do you think Young is successful and where do you think he is unsuccessful?
Demand, Supply, and Macroeconomic Models
1 day ago