deterministic business cycles

["Alan G. Isaac" <aisaac@xxxxxxxxxxxx>]

On Wed, 27 Sep 2000, Peter Sandholt wrote:
> What seems interesting to me is that it is in fact possible to create deterministic models of the
> business cycle that generate dynamics that looks like real-life business cycles.



Two classic reference matching that description are:

Samuelson, P., ``Interaction between the Multiplier
Analysis and the Principle of Acceleration,
RE Stat 21, May 1939, pp. 75--78.

Slutzky (1937, "The Summation of Random Causes as the Source of
Cyclic Processes," Econometrica 5, 105--146

Cheers,
Alan