CATASTROPHE THEORY AND THE BUSINESS CYCLE

Hal R. Varian

170 citations0/0 files storedEconomic Inquiry

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Economic Theory and Policy Monetary Policy and Economic Impact Economic theories and models

Abstract

We use the approach of R. Thom's “Catastrophe Theory” to construct a generalization of Kaldor's 1940 trade cycle. The model allows for cyclic behavior which exhibits either rapid recoveries (recessions) or slow recoveries (depressions).

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 170 citations exist upstream.

References

1975An Equilibrium Model of the Business Cycle 1940A Model of the Trade Cycle 1983Handbook of Mathematical Economics.1973Effective Demand Failures 1971The Existence and Persistence of Cycles in a Non-linear Model: Kaldor's 1940 Model Re-examined 1967On the Non-Linear Theory of the Employment Cycle

Cited by

1999On the Complexities of Complex Economic Dynamics 2013Booms and Banking Crises∗1989Commodity price fluctuations: Price dependent delays and nonlinearities as explanatory factors 2004Household Income Dynamics in Rural China 1984The Dynamics of a Discrete Version of a Growth Cycle Model 1994Equilibrium Selection in Imperfectly Competitive Economies with Multiple Equilibria 1981A Nonlinear Dynamic Model of Short Run Fluctuations 1987The Great Bull Markets 1924-29 and 1982-87: Speculative Bubbles or Economic Fundamentals?

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.