Cover, James Peery; Enders, Walter; Hueng, C. James - In: Journal of Money, Credit and Banking 38 (2006) 3, pp. 777-790
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...