I am familiar with it, because I talk about that all the time in my classes, explaining that economies are dynamic.
One of the criticisms I have of academia is that we look at everything when we're studying government and we think that's it and it's fixed. Then we say, we can't do this because. However, that doesn't account for dynamism, and that's dynamic modelling. Dynamic modelling takes into account.... In the behavioural finance literature, this is a very important part, because people change their behaviour in terms of the response.
I have one more quick point if I have time to get it in. I'm always struck by people who will tell you over and over how important the carbon tax is, because it changes your behaviour. However, they do not acknowledge that any other tax changes our behaviour too. The whole idea of a Pigou tax, which is a carbon tax named after Professor Pigou at Cambridge, is that prices go up and you consume less of it. This applies to any tax. It changes our behaviour.