Maggs Bros.

‘Among Lundberg’s contributions to the analysis of economic policy, Business Cycles and Economic Policy, stands out as a particularly important piece of work. The analysis is characterised by rather informal theorising, though using concepts of traditional economic theory, both for the international and the Swedish economy. Calculations of ex ante inflation and deflation gaps, by way of excess demand (supply) in the goods market and/or the labour market, are important instruments of analysis’ (New Palgrave).