Olivier Jean Blanchard, Danny Quah. NBER Working Paper No. (Also Reprint Review, Vol. 79, No. 4, pp. , (September ) citation courtesy of. The most common set of restrictions constrains Ξ to be a triangular matrix (e.g., Blanchard and Quah, ). More generally, for the B-model, linear restrictions. In a comment to Blanchard and Quah (), Lippi and Reichlin () provided a simple bivariate example where learning-by-doing dynamics in productivity.
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If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form. Olivier J Blanchard Danny Quah. The authors interpret fluctuations in GNP and unemployment as due to two types of disturbances: RePEc uses bibliographic data supplied by the respective publishers. Download full text from ans File URL: Demand disturbances have a hump-shaped, mirror-image effect on output and unemployment.
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EconPapers: The Dynamic Effects of Aggregate Demand and Supply Disturbances
Christiano, Lawrence J, Corrections All material on this site has been provided by the respective publishers and authors. If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. Blanchard, Olivier Jean Quah, Danny. As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.
The effect of supply disturbances on output increases steadily over time, peaking after two years and reaching a plateau after bllanchard years. Taylor, John B, Help us Corrections Found an error or omission?
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The Dynamic Effects of Aggregate Demand and Supply Disturbances
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Some evidence and implications ,” Journal of Monetary EconomicsElsevier, vol. The American Business Cycle: They interpret the first as supply disturbances, the second as demand disturbances.
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