Supply Shocks in Macroeconomics /

Supply shocks played an important role in macroeconomic fluctuations during the 1970's. Supply shocks are also increasingly important in Keynesian and neo-classical models of the business cycle. This paper is a short survey of these theoretical models. It also discusses the history of supply sh...

Ausführliche Beschreibung

1. Verfasser:

Shapiro, Matthew D.

Körperschaft:

National Bureau of Economic Research

Format:

Elektronisch E-Book

Sprache:

Englisch

Veröffentlicht:

Cambridge, Mass. National Bureau of Economic Research 1987.

Zusammenfassung:

Supply shocks played an important role in macroeconomic fluctuations during the 1970's. Supply shocks are also increasingly important in Keynesian and neo-classical models of the business cycle. This paper is a short survey of these theoretical models. It also discusses the history of supply shocks in recent business cycles.

Umfang:

1 online resource: illustrations (black and white);

Anmerkungen:

February 1987.

Schlagworte:

Macroeconomics and Monetary Economics