The Nature and Problems of Cycle Policy

Business Cycles and National Income, 1951, Alvin H. Hansen
  • R. M. Goodwin


We should give some consideration to the nature and problems of cycle policy in the light of econometric models.1 As the matter stands now, we cannot place enough confidence in any one model as a representation of complex reality to base a positive, quantitative policy on it. Yet it is stimulating and useful to consider how we would go about such problems if, as ultimately we must hope will be the case, our model were adequate to the task.




Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.


  1. 4.
    I. A. Getting, `Servo Systems’, in H. M. James, N. B. Nichols and R. S. Phillips (eds.), Theory of Servomechanisms, M.I.T. Radiation Laboratory Series, p. 3. Courtesy of McGraw-Hill Book Co., New York, 1947.Google Scholar

Copyright information

© R. M. Goodwin 1982

Authors and Affiliations

  • R. M. Goodwin

There are no affiliations available

Personalised recommendations