“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 Ragnar Frisch
surface form: Norwegian economist 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”