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The Emperor Has No Clothes: A Reply to Ginoux and Jovanovic

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  • Vincent Carret

    (Duke University [Durham])

Abstract

In this note to be published as a letter to the editor of the Journal of the History of Economic Thought, I present my results on Ragnar Frisch's rocking horse model published in the same journal and detail why the comments by Ginoux and Jovanovic on my paper have no grounding. I explain the role of initial conditions on the amplitude of cycles and trend in Frisch's solution, and emphasize that my contribution was to show that Frisch built a model where cycles and growth came from the same economic mechanism.

Suggested Citation

  • Vincent Carret, 2023. "The Emperor Has No Clothes: A Reply to Ginoux and Jovanovic," Working Papers halshs-03948122, HAL.
    • Handle: RePEc:hal:wpaper:halshs-03948122
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-03948122
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    File URL: https://shs.hal.science/halshs-03948122/document
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    References listed on IDEAS

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    1. Vincent Carret, 2020. "And yet it rocks! Fluctuations and growth in Ragnar Frisch's rocking horse model," Working Papers halshs-02969773, HAL.
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    More about this item

    Keywords

    Ragnar Frisch; rocking horse; delay differential equations;
    All these keywords.

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