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The Nature and Problems of Cycle Policy

In: Essays in Economic Dynamics

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  • R. M. Goodwin

Abstract

We should give some consideration to the nature and problems of cycle policy in the light of econometric models.1 As the matter stands now, we cannot place enough confidence in any one model as a representation of complex reality to base a positive, quantitative policy on it. Yet it is stimulating and useful to consider how we would go about such problems if, as ultimately we must hope will be the case, our model were adequate to the task.

Suggested Citation

  • R. M. Goodwin, 1982. "The Nature and Problems of Cycle Policy," Palgrave Macmillan Books, in: Essays in Economic Dynamics, chapter 8, pages 108-111, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-05504-3_8
    DOI: 10.1007/978-1-349-05504-3_8
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