The Dynamic Effects of Aggregate Demand and Supply Disturbances Export

@article{blanchard-quah-89, abstract = {We interpret fluctuations in GNP and unemployment as due to two types of disturbances: disturbances that have a permanent effect on output and disturbances that do not. We interpret the first as supply disturbances, the second as demand disturbances. Demand disturbances have a hump-shaped mirror-image effect on output and unemployment. The effect of supply disturbances on output increases steadily over time, peaking after two years and reaching a plateau after five years.}, author = {Blanchard, Olivier J. and Quah, Danny}, citeulike-article-id = {159285}, citeulike-linkout-0 = {http://dx.doi.org/10.2307/1827924}, citeulike-linkout-1 = {http://www.jstor.org/stable/1827924}, doi = {10.2307/1827924}, issn = {00028282}, journal = {The American Economic Review}, keywords = {asset\_pricing}, number = {4}, pages = {655--673}, posted-at = {2005-04-12 22:35:50}, priority = {2}, publisher = {American Economic Association}, title = {The Dynamic Effects of Aggregate Demand and Supply Disturbances}, url = {http://dx.doi.org/10.2307/1827924}, volume = {79}, year = {1989} }

TY - JOUR ID - blanchard-quah-89 L3 - citeulike-article-id:159285 N2 - We interpret fluctuations in GNP and unemployment as due to two types of disturbances: disturbances that have a permanent effect on output and disturbances that do not. We interpret the first as supply disturbances, the second as demand disturbances. Demand disturbances have a hump-shaped mirror-image effect on output and unemployment. The effect of supply disturbances on output increases steadily over time, peaking after two years and reaching a plateau after five years. IS - 4 JF - The American Economic Review SN - 00028282 EP - 673 TI - The Dynamic Effects of Aggregate Demand and Supply Disturbances PB - American Economic Association VL - 79 SP - 655 KW - asset_pricing AU - Blanchard, Olivier AU - Quah, Danny PY - 1989/// UR - http://dx.doi.org/10.2307/1827924 ER -