Juglar cycle
Ciclo de Juglar
- Date
- 1862 · confidence high
- Place
- Paris, France
- Credited to
- Clément Juglar
- Field
- Knowledge & symbols
What was discovered
Fixed-investment cycle of 7 to 11 years identified by Clément Juglar in economic activity, with fluctuations in fixed-capital investment distinct from shorter inventory cycles.
What it led to
- Modern business-cycle theory
- Distinction between Kitchin, Juglar and Kondratiev cycles
- Spectral analysis of macroeconomic series
- Recession-prediction models