A Reconsideration of Frisch’s Original Cycle Model

Björn Thalberg

Chapter 8 in Nonlinear and Multisectoral Macrodynamics, 1990, pp 96-117 from Palgrave Macmillan

Abstract: Abstract To comprehend how and why the economy bumps up and down, and continues to do so 200 years after the start of the Industrial Revolution, is a recurring task in a number of Richard Goodwin’s famous essays collected in his book Essays in Economic Dynamics (Goodwin, 1982). In a volume to honour Richard Goodwin it may thus be pertinent to discuss the problem of the basic explanation of the cycle phenomenon. In this essay we shall return to one of the possible starting points when Goodwin first began his research, i.e. to Ragnar Frisch’s classic Casselfestschrift essay in 1933 ‘Propagation Problems and Impulse Problems in Dynamic Economics’.

Keywords: Business Cycle; Money Supply; Cycle Model; Capital Good; Economic Dynamics (search for similar items in EconPapers)
Date: 1990
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-10612-7_8

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DOI: 10.1007/978-1-349-10612-7_8

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