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This paper uses the short-run restrictions implied by a simple aggregate demand-aggregate supply model as an aid in identifying structural shocks. Combined with the Blanchard-Quah restriction, it allows estimation of the slope of the aggregate supply curve, the variances of structural demand and...
Persistent link: https://www.econbiz.de/10005736756
Persistent link: https://www.econbiz.de/10003328455
Persistent link: https://www.econbiz.de/10007265976
This paper uses the short-run restrictions implied by the aggregate demand-aggregate supply model as an aid in identifying structural shocks to aggregate demand and aggregate supply. Combined with the Blanchard-Quah restriction this allows estimates of the slope of the aggregate supply curve,...
Persistent link: https://www.econbiz.de/10014112014