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

Extent:	1 Online-Ressource (33 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments August 13, 2002 erstellt
Other identifiers:	10.2139/ssrn.323462 [DOI]
Classification:	E0 - Macroeconomics and Monetary Economics. General ; E3 - Prices, Business Fluctuations, and Cycles
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014112014