Duarte, Pedro Garcia; Hoover, Kevin D. - 2011
Shock is a term of art that pervades modern economics appearing in nearly a quarter of all journal articles in … economics and in nearly half in macroeconomics. Surprisingly, its rise as an essential element in the vocabulary of economists … the 1920s and 1930s through real-business-cycle and DSGE models and to the use of shocks as generators of impulse …