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A Reconsideration of Frisch’s Original Cycle Model

In: Nonlinear and Multisectoral Macrodynamics

Author

Listed:
  • Björn Thalberg

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’.

Suggested Citation

  • Björn Thalberg, 1990. "A Reconsideration of Frisch’s Original Cycle Model," Palgrave Macmillan Books, in: Kumaraswamy Velupillai (ed.), Nonlinear and Multisectoral Macrodynamics, chapter 8, pages 96-117, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-10612-7_8
    DOI: 10.1007/978-1-349-10612-7_8
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