Impulse transmission model of macroeconomic cycle within the framework of the theory of shocks: Aspect of economic security

Abstract

Hereinafter presented approach to the categories of the theory of shocks outlines a certain progress on the way to understand shocks in the context of cyclical development of national economies and on the global level [1]. The research evolves the Slutsky’ hypothesis of the cyclical model of the economic system’s reaction on the random effects of impulses (shocks) combined with the impulse transmission approach to the model of the macroeconomic business cycle by Ragnar Frish, tested by American scientists Irma And Frank Adelman [2] with the help of Klein-Goldberger model.