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Letter To The Editors: The Emperor Has No Clothes: A Reply To Ginoux And Jovanovic

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  • Carret, Vincent

Abstract

In this letter to the editors of the Journal of the History of Economic Thought, I present my results on Ragnar Frisch’s rocking horse model, published in an earlier issue of the same journal, and detail why the comments by Jean-Marc Ginoux and Franck 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.

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  • Carret, Vincent, 2023. "Letter To The Editors: The Emperor Has No Clothes: A Reply To Ginoux And Jovanovic," Journal of the History of Economic Thought, Cambridge University Press, vol. 45(3), pages 511-519, September.
  • Handle: RePEc:cup:jhisec:v:45:y:2023:i:3:p:511-519_10
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