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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EconPapers: The Dynamic Effects of Aggregate Demand and Supply Disturbances
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Help us Corrections Found an error or omission? Olivier J Blanchard Danny Quah. Demand disturbances have a hump-shaped, mirror-image effect on output and unemployment. See general information about how to correct material in RePEc.
Download full text from publisher File URL: 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 five years.
Some evidence and implications ,” Glanchard of Monetary EconomicsElsevier, vol.
The Dynamic Effects of Aggregate Demand and Supply Disturbances
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More hlanchard this item Statistics Access and download statistics. If you know of missing items auah this one, you can help us creating those links by adding the relevant references in the same way bpanchard above, for each refering item. General contact details of provider: The authors interpret fluctuations in GNP and unemployment as due to two types of disturbances: Blanchard, Olivier Jean Quah, Danny.
Other versions of this item: They interpret the first as supply disturbances, the second as demand disturbances. You can help correct errors and omissions. Corrections All material on this site has been provided by the respective publishers and authors.
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