Lundberg lag
Proposed Economic Waves | |
---|---|
Cycle/Wave Name | Period |
Kitchin inventory | 3–5 |
Juglar fixed investment | 7–11 |
Kuznets infrastructural investment | 15–25 |
Kondratiev wave | 45–60 |
Pork cycle | |
The Lundberg lag, named after the Swedish economist Erik Lundberg, stresses the lag between changes in the demand and response in output. This is one lag which points out that business cycles do not follow a completely random fashion but can be explained with a few different important regularities.[1]
See also
Notes and references
- ↑ Burda, Wyplosz (2005): Macroeconomics: A European Text, Fourth Edition, Oxford University Press