Del mundo del más o menos al universo de precisión: a propósito de los modelos de ciclos de los negocios de Ragnar Frisch y Michal Kalecki

Álvaro Martín Moreno Rivas

Econógrafos, Escuela de Economía from Universidad Nacional de Colombia, FCE, CID

Abstract: The aim of this paper is to present in detail the mathematical models of Frisch and Kalecki, showing the conceptual and analytical problems that recent literature has pointed out. The linearization of the system of equations of the Frisch and Kalecki models strengthened the idea that economic cycles could be explained by a mechanism of propagation of damped oscillations and one of impulse of random external shocks, while the self-sustained cycle of endogenous way would find its foundation in non-linearity

Keywords: Ragnar Frisch; Michal Kalecki; business cycle; propagation and impulse; rocking horse (search for similar items in EconPapers)
JEL-codes: B23 B31 C32 C51 C62 (search for similar items in EconPapers)
Pages: 50
Date: 2018-10
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Persistent link: https://EconPapers.repec.org/RePEc:col:000176:022857

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