Supply Shocks in Macroeconomics

Supply shocks played an important role in macroeconomic fluctuations during the 1970's. Supply shocks are also increasingly important in Keynesian and neo-classical models of the business cycle. This paper is a short survey of these theoretical models. It also discusses the history of supply shocks in recent business cycles.

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Year of publication:	1987-02
Authors:	Shapiro, Matthew D.
Institutions:	Cowles Foundation for Research in Economics, Yale University
Subject:	Supply shocks \| macroeconomic fluctuations \| business cycles

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Extent:	application/pdf
Series:	Cowles Foundation Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	Published in The New Palgrave, London, 1987; and The New Palgrave Dictionary of Money and Finance, London, 1992 The price is None Number 821 18 pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005593523