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Ragnar Frisch 1933 model: And yet it rocks!

Abstract : This article provides an analytical solution to Frisch's 1933 model. The Laplace transform and its inverse prove valuable to obtain an expression for the different components that make up Frisch's original solution. It also sheds a new light on the argument in Zambelli (2007), where the author argues that this model does not fluctuate. Unlike Zambelli, we show that we can obtain cyclical solutions. This work provides new insights on the vision contained in the model. It turns out that this vision was much larger than what is often remembered, in particular, we can show that Frisch tried to construct a model that would intertwine both cycles and growth. In addition, we are able to reconsider the link between Frisch's early work in statistics and the birth of macrodynamic models.
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Contributor : Vincent Carret <>
Submitted on : Friday, October 16, 2020 - 6:45:34 PM
Last modification on : Sunday, October 18, 2020 - 3:25:17 AM

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Vincent Carret. Ragnar Frisch 1933 model: And yet it rocks!. 2020. ⟨halshs-02969773⟩

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