The Lundberg lag, named after the Swedish economist
Erik Lundberg
Erik Filip Lundberg (13 August 1907 – 14 September 1987) was a Swedish economist, born in Stockholm. He was a professor of political economics at Stockholm University and a member of the Stockholm School of economic thought. He was president ...
, 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.
See also
*
Robertson lag
Notes and references
Business cycle
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