Lundberg lag
Encyclopedia
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.
Erik Lundberg
Erik Filip Lundberg was a Swedish economist. He was a professor of political economics at Stockholm University and a member of the Stockholm School of economic thought...
, 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.