The Robertson Lag is an example of the systematic delay which the economy suffers from when conditions change and is named after the famous economist
Dennis Robertson. This lag describes how a consumers change in income and wealth, a change in its
consumption function, leads to a delayed change in its consumption.
[Burda, Wyplosz (2005): Macroeconomics: A European Text, Fourth Edition, Oxford University Press
]
See also
*
Lundberg lag
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 m ...
Notes and references
Consumer theory
Consumption
{{Econ-theory-stub