Butter, Frank A. G. den; Koopman, Siem Jan - 1997
whereas demand shocks arerelated to temporary (cyclical) effects. Most studies in this veinuse multivariate VAR-models or the … common trends-cointegrationapproach in order to disentangle supply and demand shocks. As analternative, this paper uses the … and demand shocks in atwo equation system of labour produc-tivity and industrial output.The novelty is the introduction of …