BLANCHARD AND QUAH 1989 PDF

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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The Dynamic Effects of Aggregate Demand and Supply Disturbances

Download full text from publisher File URL: Please note that corrections may take a couple of weeks to filter through the various RePEc services. The American Business Cycle: When requesting a correction, please mention this item’s handle: The effect of supply disturbances on output increases steadily over time, peaking after two years and reaching a plateau after five years. Help us Corrections Found an error or omission?

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Olivier J Blanchard Danny Quah.

The Dynamic Effects of Aggregate Demand and Supply Disturbances

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This allows to link your profile to this item. 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. Demand disturbances have a hump-shaped, mirror-image effect on output and unemployment.

The authors interpret fluctuations in GNP and unemployment as due to two types of disturbances: They interpret the first as supply disturbances, the second as demand disturbances.