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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Copyright by American Economic Association. The authors interpret fluctuations in GNP and unemployment as due to two types of disturbances: The American Business Cycle: Full references including those not matched with items on IDEAS More about this item Statistics Access and download statistics Corrections All material on this site has been provided by the respective publishers and authors.
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When requesting a correction, please mention this item’s snd Other versions of this item: They interpret the first as supply disturbances, the second as demand disturbances. Olivier J Blanchard Danny Quah. This allows to link your profile to this item. Blanchard, Olivier Jean Quah, Danny. Christiano, Lawrence J, If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Some evidence and implications ,” Journal of Monetary EconomicsElsevier, vol.
The effect amd supply disturbances on output increases steadily over time, peaking after two years and reaching a plateau after five years.
EconPapers: The Dynamic Effects of Aggregate Demand and Supply Disturbances
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Demand disturbances have a hump-shaped, mirror-image effect on output and unemployment. If you are a registered author of this item, you may also want to check the “citations” tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
The Dynamic Effects of Aggregate Demand and Supply Disturbances
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