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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They interpret the first as supply disturbances, the second as demand disturbances.
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The Dynamic Effects of Aggregate Demand and Supply Disturbances
Blxnchard us Corrections Found an error or omission? RePEc uses bibliographic data supplied by the respective publishers. Download blaanchard text from publisher File URL: Taylor, John B, General contact details of provider: Olivier J Blanchard Danny Quah.
The authors interpret fluctuations in GNP and unemployment as due to two types of disturbances: If you have authored this item and are not yet registered with RePEc, we encourage you to do it here.
Cochrane, John H, Corrections All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions.
See general information about how to correct material in RePEc. Demand disturbances have a hump-shaped, mirror-image effect on output and unemployment.
This allows to link your profile to this item. Blanchard, Olivier Jean Quah, Danny. Blahchard evidence and implications ,” Journal of Monetary EconomicsElsevier, vol. 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.
EconPapers: The Dynamic Effects of Aggregate Demand and Supply Disturbances
The effect of supply disturbances on output increases steadily over time, peaking after two years and reaching a plateau after five years. Christiano, Lawrence J, The American Business Cycle: It also allows you to accept potential citations to this item that we blsnchard uncertain about. Copyright by American Economic Association. 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.
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