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The macroeconomics of Trygve Haavelmo

André K. Anundsen et al.

Nordic Journal of Political Economy2012article
ABDC C
Weight
0.33

What the paper says

Haavelmo’s “A study in the theory of investment” from 1960 is a tour de force in macroeconomic theorising. His later offerings in this area are less known outside Norway. In this paper, we present his models of business cycles (crises) and inflation dynamics. The business cycle model generates cycles as an endogenous outcome of the mismatch between the return to capital and investors’ required rate. Haavelmo approached inflation dynamics from two different perspectives: First, in the spirit of Knut Wicksell, he included a “cumulative process” into his business cycle model. His second formulation is related to conflict theories of inflation.

3 citations

Cite this paper

@article{andré2012,
  title        = {{The macroeconomics of Trygve Haavelmo}},
  author       = {André K. Anundsen et al.},
  journal      = {Nordic Journal of Political Economy},
  year         = {2012},
}

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The macroeconomics of Trygve Haavelmo

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Evidence weight

0.33

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.19 × 0.4 = 0.08
M · momentum0.20 × 0.15 = 0.03
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.