A novel method of Fourier transform spectroscopy of the transient signals from wide, inhomogeneously broadened magnetic resonance spectra is described and analyzed. It has the advantages of high resolution, high sensitivity, and freedom from the distortions introduced by the finite amplitude of the pulsed rf magnetic field and the finite bandwidth of the receiving system. It consists of recording the transient signal at a series of magnetic fields, shifting the frequency of the transient by the corresponding field step for each point, and summing the corresponding Fourier transformed signals. Although the primary emphasis is on pulsed NMR, the analysis also applies to pulsed ESR. Criteria for the range and step interval of the magnetic field variation are discussed. The accuracy and sensitivity of the method are compared with earlier methods of spin echo spectroscopy. A description of the corresponding measurement of NQR, NMR, and ESR spectra obtained by stepping the frequency of the spectrometer is also presented. ©1995 American Institute of Physics.