Titlebook: Nonlinearities, Disequilibria and Simulation; Proceedings of the A Kumaraswamy Velupillai (Associate Director) Conference proceedings 1992

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Implicit Nonlinearities in the Economic Dynamics of ‘Impulse and Propagation’This criticism is fallacious because it fails to distinguish properly between SOURCES OF IMPULSES and PROPAGATION MECHANISMS, a distinction stressed by Frisch (1933) in a classic paper that provided many of the technical foundations for Keynesian macroeconomic models. (Lucas and Sargent, 1981, p. 313; emphasis as in original)

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Titlebook: Nonlinearities, Disequilibria and Simulation; Proceedings of the A Kumaraswamy Velupillai (Associate Director) Conference proceedings 1992

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