Abstract
The theory of economic growth has faced the problem of shocks since its very beginning: a shock is a sudden change of one or several relevant parameters of the economic system which perturbs the growth path and sometimes significantly changes its direction.
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Nardini, F. (1993). Expected and Unexpected Distributive Shocks: An Analysis of Short and Long Run Effects. In: Gori, F., Geronazzo, L., Galeotti, M. (eds) Nonlinear Dynamics in Economics and Social Sciences. Lecture Notes in Economics and Mathematical Systems, vol 399. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-58031-4_17
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DOI: https://doi.org/10.1007/978-3-642-58031-4_17
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