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Jean-Baptiste Fourier at the Moscow Conjuncture Institute: Harmonic Analysis of Business Cycles

Author

Listed:
  • Marco Paulo Vianna Franco

    (Fundação João Pinheiro)

  • Leonardo Costa Ribeiro

    (Cedeplar-UFMG)

  • Eduardo da Motta e Albuquerque

    (Cedeplar-UFMG)

Abstract

This article proposes a historical assessment of harmonic analysis of business cycles. For that purpose, it presents Jean-Baptiste Fourier’s main idea and addresses its reception at the Moscow Conjuncture Institute, mediated by Henry L. Moore and Albert L. Vainshtein, which led to Eugen Slutsky’s well-known 1927 article on the random causes of cyclical processes. In addition, more recent approaches to business cycles, such as real business cycle theory and spectral analysis, are traced back to Fourier and key figures working on economic applications of harmonic analysis in the first decades of the 20th century. Revolving around its ability to both decompose and build cycles, this tool still presents an untapped potential for contemporary analyses of long-term economic dynamics. Hence, it is worthwhile to determine Fourier’s role in the history of economic thought, what necessarily leads to the long-lasting contributions of the creative institute headed by Nikolai Kondratiev.

Suggested Citation

  • Marco Paulo Vianna Franco & Leonardo Costa Ribeiro & Eduardo da Motta e Albuquerque, 2020. "Jean-Baptiste Fourier at the Moscow Conjuncture Institute: Harmonic Analysis of Business Cycles," Textos para Discussão Cedeplar-UFMG 621, Cedeplar, Universidade Federal de Minas Gerais.
    • Handle: RePEc:cdp:texdis:td621
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    File URL: https://www.cedeplar.ufmg.br/pesquisas/td/TD%20621.pdf
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    More about this item

    Keywords

    harmonic analysis; business cycles; Fourier transform; spectral analysis; Eugen Slutsky;
    All these keywords.

    JEL classification:

    • B16 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Quantitative and Mathematical
    • B23 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Econometrics; Quantitative and Mathematical Studies
    • C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

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