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Identifying Aggregate Demand and Supply Shocks in a Small Open Economy
Enders, Walter - 2010
The standard Blanchard-Quah (BQ) decomposition forces aggregate demand and supply shocks to be orthogonal. However, this assumption is problematic for a nation with an inflation target. The very notion of inflation targeting means that monetary policy reacts to changes in aggregate supply. This...
Persistent link: https://www.econbiz.de/10012716251
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Transmission of a resource boom : the case of Australia
Dungey, Mardi H.; Fry-McKibbin, Renée; Volkov, V. V. - 2019
Persistent link: https://www.econbiz.de/10012224454
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The role of aggregate demand and supply shocks in a low-income country : evidence from Bangladesh
Bashar, Omar H. M. N. - In: The journal of developing areas 44 (2010/11) 2, pp. 243-264
Persistent link: https://www.econbiz.de/10008932951
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What do we learn from Blanchard and Quah decompositions of output if aggregate demand may not be long-run neutral?
Keating, John William - In: Journal of macroeconomics 38 (2013) 2, pp. 203-217
Persistent link: https://www.econbiz.de/10010372017
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BoGGEM: a dynamic stochastic general equilibrium model for policy simulations
Papageorgiou, Dimitris - 2014
Persistent link: https://www.econbiz.de/10011280216
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Common and idiosyncratic disturbances in developed small open economies
Guerrón-Quintana, Pablo A. - In: Journal of international economics 90 (2013) 1, pp. 33-49
Persistent link: https://www.econbiz.de/10009751220
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Domestic and foreign sources of volatility spillover to South African asset classes
Duncan, Andrew S.; Kabundi, Alain - In: Economic modelling 31 (2013), pp. 566-573
Persistent link: https://www.econbiz.de/10009730595
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Correlated income shocks and excess smoothness of consumption
Hryshko, Dmytro - In: Journal of economic dynamics & control 48 (2014), pp. 41-62
Persistent link: https://www.econbiz.de/10010485838
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Global factors and trend inflation
Kamber, Güneş; Wong, Benjamin - In: Journal of international economics 122 (2020), pp. 1-14
Persistent link: https://www.econbiz.de/10012588201
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Intra & inter-regional industry shocks : a new metric with application to Australasian currency union
Grimes, Arthur L. - In: New Zealand economic papers 40 (2006) 1, pp. 23-44
Persistent link: https://www.econbiz.de/10003581151