Time domain techniques are used to identify a dynamical model for the evolu
tion of the D-st index under the influence of the solar wind. Frequency dom
ain analysis of this model is used to study spectral properties of the D-st
index dynamics. These properties indicate that the dynamics of the D-st in
dex is similar to that of a linear oscillator under the action of an extern
al force. This dynamical system should possess two main properties. Firstly
the external driving force should be a nonlinear function of the solar win
d parameter VBs and secondly the eigen frequency of the oscillator should b
e very low in comparison to the temporal characteristics of external force
variations. The main process of energy loading in such systems involves non
linear coupling between different spectral components of the external force
with a transfer of their energy to the main resonant frequency.