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lag

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Journal Article
History of Political Economy (1990) 22 (1): 178–180.
Published: 01 March 1990
Journal Article
History of Political Economy (1997) 29 (1): 164–167.
Published: 01 March 1997
Journal Article
History of Political Economy (2016) 48 (3): 489–514.
Published: 01 September 2016
Journal Article
History of Political Economy (1973) 5 (2): 285–316.
Published: 01 June 1973
... to the analysis of economic time series. In the 1920’s, several advances on the statistical front-including new techniques of time-series decom- position, trend and cycle analysis, distributed-lag analysis, and price- index construction-grew out of or were employed in tests of the quantity theory...
Journal Article
History of Political Economy (1997) 29 (4): 593–633.
Published: 01 November 1997
... of an almost hydraulically smooth macroeconomic system. It envisaged that the Act would produce a re- markable contrast with the years up to 1844. In that era, the Bank of England had ultimately controlled the money supply, but only after dis- astrous lags, which allowed fluctuations-originating...
Journal Article
History of Political Economy (2000) 32 (4): 1037–1039.
Published: 01 November 2000
... that there are lags in the system, and argues that suchlags are at best secondary complications. As Besomi quotes Harrod, “I prefer to define dynamics as referring to propositions in whicha rate of growthappears as an unknown variable. This equation is clearly more fundamental than those ex- pressing lags...
Journal Article
History of Political Economy (1996) 28 (2): 253–280.
Published: 01 June 1996
.... 254 History of Political Economy 28:2 (1996) 2. Attempts to construct a dynamic theory have recently been proceed- ing upon another line, namely by the study of time lags between certain adjustments. By the introduction of an appropriate lag the tendency of a system to oscillate can...
Journal Article
History of Political Economy (2011) 43 (suppl_1): 258–282.
Published: 01 December 2011
..., and the assumption of perfectly elastic supply is approximated” (590). They were not satisfied with the first results, especially the coefficient of the lagged dependent variable, which implied an implausibly negative depreciation rate of gas appliances. Several explanations were presented. One of them...
Journal Article
History of Political Economy (2011) 43 (suppl_1): 140–165.
Published: 01 December 2011
... point in time-series model specification, that is, whether the relations were dynamic, as lagged variables were included in the regressions. They complained that existing studies did not seriously take lagged variables into account. They argued that, first, numerous experiments were required...
Journal Article
History of Political Economy (1988) 20 (2): 207–234.
Published: 01 June 1988
..., monetary lags, and the concept of “full” employment; and Sec- tion VI provides a summary view. 11. Friedman (and the Monetarists) on Monetary Dynamics With conventional qualifications and allowances for real growth, in- creases in the supply of money lead...
Journal Article
History of Political Economy (1975) 7 (4): 456–481.
Published: 01 November 1975
... and Direction oflnventive Activity (Princeton, 1962), pp. 299-32 I. 12. Enos’s findings are used or relied upon in many places. Edwin Mansfield, in his own influential work, has reproduced Enos’s data on the lag between invention and innovation in two books. See his The Economics of Technological...
Journal Article
History of Political Economy (2021) 53 (4): 633–672.
Published: 01 August 2021
..., and a higher rate of unemployment; and, (3) based on his interaction with Friedman, discre- tionary monetary policies are the main culprit for macroeconomic insta- bility due both to the uncertainty they create and the lags that characterize their effects. In addition, Mints built on the work of other...
Journal Article
History of Political Economy (1990) 22 (1): 49–63.
Published: 01 March 1990
... consideration of the business cycle (with the addi- tion, of course, of government expenditure and taxation). A closed economy is assumed, in which money-wage rates are given, and there is no workers’ saving. The time lag between investment decisions and the resulting investment is at least as long...
Journal Article
History of Political Economy (2004) 36 (Suppl_1): 25–56.
Published: 01 December 2004
... in their derivation played only a minor role in theoretical macro models. In empirical applications, however, time did become more important be- cause these theories provided a rationale for the use of distributed lags in econometric estimation. In what follows, we discuss four overlapping sets of problems asso...
Journal Article
History of Political Economy (2010) 42 (3): 573–592.
Published: 01 September 2010
... linking the behav- ior of prices to the supply of money, but as a theory of the demand for money. After an unfortunately long time-lag, Don Patinkin (1969) would dispute this claim, arguing that the 1930s Chicago tradition as evidenced Laidler and Sandilands / Reply to James Ahiakpor...
Journal Article
History of Political Economy (2000) 32 (3): 585–606.
Published: 01 September 2000
... it clear, however, that this competi- tive standard of wages existed only in a static world and that he planned to extend his approach to wages with a dynamic analysis. In that dy- namic analysis, Clark postulated a productivity-wage gap under which wages lagged behind labor’s marginal product. He...
Journal Article
History of Political Economy (2006) 38 (3): 407–436.
Published: 01 September 2006
... occur a disequilibrium, owing either to the appearance on the market, in demand for goods, of an excess of incomes over those generated by the goods currently offered in the market, or to the con- verse” (Robertson 1940b, 55–56). The explanation is based on the time lag between “the end...
Journal Article
History of Political Economy (1979) 11 (3): 425–449.
Published: 01 September 1979
... History of Political Economy I1:3 (1979) search; and the circuit velocity of money lags behind the busi- ness cycle peaks and troughs [1966, p. 561. Warburton also emphasized that there was a close association be- tween the amplitude of changes in the money supply...
Journal Article
History of Political Economy (1999) 31 (3): 449–471.
Published: 01 September 1999
...—A Restatement.” In Joint Economic Committee Hearings on Employment, Growth, and Price Levels, 86th Cong., 1st sess., 25 May. Friedman , M. Papers 1961 . The Lag in the Effect of Monetary Policy. In Friedman 1969. Friedman , M. Papers 1969 . The Optimum Quantity of Money . Chicago: Aldine...
Journal Article
History of Political Economy (2017) 49 (1): 137–159.
Published: 01 March 2017
... Distributed Lag Functions.” Econometrica 34 ( January ): 135 – 49 . Lucas R. E. Jr. 1966 . “Optimal Investment with Rational Expectations.” Unpublished , Carnegie Tech. ———. 1967 . “Adjustment Costs and the Theory of Supply.” Journal of Political Economy 75 ( 4 ): 321 – 34...