Using the Aggregate Demand-Aggregate Supply Model to Identify Structural Demand-Side and Supply-Side Shocks : Results Using a Bivariate VAR

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, the variances of the structural demand and supply shocks, and the extent to which structural demand and supply shocks are correlated

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Year of publication:	2003
Authors:	Cover, James Peery ; Enders, Walter ; Hueng, C. James
Publisher:	[S.l.] : SSRN
Subject:	Schock \| Shock \| VAR-Modell \| VAR model \| Gesamtwirtschaftliche Nachfrage \| Aggregate demand \| Theorie \| Theory

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