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R.G. Goodwin mentioned that "economists will be led, as natural scientists have been led, to seek in nonlinearities an explanation of the maintenance of oscillation" (Goodwin, Econometrica 19(1), 1951); following this reasoning, we studied business cycles as if they were generated by nonlinear...
Persistent link: https://www.econbiz.de/10012648046
. Moreover, as the Fourier transform does not provide any information about the time at which each frequency appears, we explain …
Persistent link: https://www.econbiz.de/10012648037