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Noah and Joseph Effects in Government Budgets: Analyzing Long-Term Memory

This article examines the combined effects of what mathematician Benoit Mandelbrot has termed “Noah” and “Joseph” effects in U.S. national government budgeting. Noah effects, which reference the biblical great flood, are large changes or punctuations, far larger than could be expected... Full description

1st Person: Jones, Bryan D.
Additional Persons: Breunig, Christian
Source: in: Policy Studies Journal (2007), Vol. 35 (3), p. 329-348
Type of Publication: Article
Published: 2007
Online: Full text via publisher
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