The Emperor Has No Clothes: A Reply to Ginoux and Jovanovic
Vincent Carret ()
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Vincent Carret: Duke University [Durham]
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Abstract:
In this note to be published as a letter to the editor of the Journal of the History of Economic Thought, I present my results on Ragnar Frisch's rocking horse model published in the same journal and detail why the comments by Ginoux and Jovanovic on my paper have no grounding. I explain the role of initial conditions on the amplitude of cycles and trend in Frisch's solution, and emphasize that my contribution was to show that Frisch built a model where cycles and growth came from the same economic mechanism.
Keywords: Ragnar Frisch; rocking horse; delay differential equations (search for similar items in EconPapers)
Date: 2023-01-20
New Economics Papers: this item is included in nep-des, nep-his, nep-hpe and nep-mac
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