Economic Fluctuations: A Framework for Analysis and Policy Design

@article{Mass1978EconomicFA,
  title={Economic Fluctuations: A Framework for Analysis and Policy Design},
  author={Nathaniel J. Mass},
  journal={IEEE Transactions on Systems, Man, and Cybernetics},
  year={1978},
  volume={8},
  pages={437-449}
}
A general framework for assessing validity of alternative theories of business cycles and longer term economic cycles is described. The evaluative framework draws upon a generic model of the production sector of the economy. Evaluation of alternative theories of economic cycles is carried out by isolating the central causal elements of each theory and incorporating those elements into the basic production sector. Through computer simulation of the resulting model, relative importance of each… CONTINUE READING
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