“Propagation Problems and Impulse Problems in Dynamic Economics”

E143683

“Propagation Problems and Impulse Problems in Dynamic Economics” is a seminal paper by Ragnar Frisch that laid the foundations of modern business cycle theory by distinguishing between the driving shocks to the economy and the mechanisms that propagate them over time.

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Predicate Object
instanceOf academic paper ⓘ
economics paper ⓘ
associatedConcept decomposition of economic dynamics into shocks and responses ⓘ
time series representation of economic fluctuations ⓘ
associatedWith Norwegian economist Ragnar Frisch ⓘ
linked to: Ragnar Frisch
author Ragnar Frisch ⓘ
contribution distinction between impulse problems and propagation problems in economic dynamics ⓘ
formalization of business cycles as the result of shocks and propagation mechanisms ⓘ
foundation for modern stochastic business cycle analysis ⓘ
coreConcept impulse as exogenous shock to the economy ⓘ
propagation as internal mechanism transmitting shocks over time ⓘ
separation of driving forces and transmission mechanisms in business cycles ⓘ
field business cycle theory ⓘ
dynamic economics ⓘ
macroeconomics ⓘ
historicalSignificance contributed to the development of econometric approaches to macroeconomic dynamics ⓘ
helped establish formal, quantitative analysis of business cycles ⓘ
influenced modern macroeconomic modeling of shocks ⓘ
real business cycle theory ⓘ
stochastic dynamic general equilibrium models ⓘ
language English ⓘ
recognizedAs foundational paper in dynamic macroeconomics ⓘ
seminal work in business cycle theory ⓘ
relatedTo dynamic stochastic processes in economics ⓘ
econometric analysis of cycles ⓘ
theory of economic fluctuations ⓘ
topic business cycle fluctuations ⓘ
dynamic adjustment processes ⓘ
economic shocks ⓘ
propagation mechanisms ⓘ

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Ragnar Frisch → notableWork → “Propagation Problems and Impulse Problems in Dynamic Economics” ⓘ