A Traditional Interpretation of Macroeconomic Fluctuations Export

@article{blanchard-89, abstract = {Under the traditional interpretation of macroeconomic fluctuations, aggregate demand shocks move output and prices in the same direction, while aggregate supply shocks move output and prices in opposite directions. This paper examines the joint behavior of U.S. output, unemployment, prices, wages, and nominal money and asks whether it is consistent with this interpretation. The answer is a qualified yes.}, author = {Blanchard, Olivier J.}, citeulike-article-id = {159287}, citeulike-linkout-0 = {http://www.jstor.org/stable/1831442}, journal = {The American Economic Review}, keywords = {asset\_pricing}, number = {5}, pages = {1146--1164}, posted-at = {2005-04-12 22:38:59}, priority = {2}, title = {A Traditional Interpretation of Macroeconomic Fluctuations}, url = {http://www.jstor.org/stable/1831442}, volume = {79}, year = {1989} }

TY - JOUR ID - blanchard-89 L3 - citeulike-article-id:159287 N2 - Under the traditional interpretation of macroeconomic fluctuations, aggregate demand shocks move output and prices in the same direction, while aggregate supply shocks move output and prices in opposite directions. This paper examines the joint behavior of U.S. output, unemployment, prices, wages, and nominal money and asks whether it is consistent with this interpretation. The answer is a qualified yes. IS - 5 JF - The American Economic Review EP - 1164 TI - A Traditional Interpretation of Macroeconomic Fluctuations VL - 79 SP - 1146 KW - asset_pricing AU - Blanchard, Olivier PY - 1989/// UR - http://www.jstor.org/stable/1831442 ER -