559 - Irving Fisher: Pioneer on distributed lags

Wetenschappelijke publicatie
Date 15 October 1998

The theory of distributed lags is that any cause produces a supposed effect only after some lag in time, and that this effect is not felt all at once, but is distributed over a number of points in time. Irving Fisher initiated this theory and provided an empirical methodology in the 1920’s. This article provides a small overview. Key words: distributed lags. JEL Codes: B31, C22