Olivier Jean Blanchard, Danny Quah. NBER Working Paper No. (Also Reprint Review, Vol. 79, No. 4, pp. , (September ) citation courtesy of. The most common set of restrictions constrains Ξ to be a triangular matrix (e.g., Blanchard and Quah, ). More generally, for the B-model, linear restrictions. In a comment to Blanchard and Quah (), Lippi and Reichlin () provided a simple bivariate example where learning-by-doing dynamics in productivity.

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General contact details of provider: Cochrane, John H, For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Help us Corrections Found an error or omission? They interpret the first as supply disturbances, the second as demand disturbances. The authors interpret fluctuations in GNP and unemployment as due to two types of disturbances: The effect of supply disturbances on output increases nad over time, peaking after two years and reaching a plateau after five years.

The Dynamic Effects of Aggregate Demand and Supply Disturbances

Olivier J Blanchard Danny Quah. If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. Please note that corrections may take a couple of blanchatd to filter through the various RePEc services.

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The Dynamic Effects of Aggregate Demand and Supply Disturbances

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If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. Demand disturbances have a hump-shaped, mirror-image effect on output and unemployment.

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