The Dynamic Effects of Aggregate Demand and Supply Disturbance PDF Download
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Author: Olivier J. Blanchard
Publisher:
ISBN:
Category :
Languages : en
Pages : 25
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Book Description
Author: Olivier J. Blanchard
Publisher:
ISBN:
Category :
Languages : en
Pages : 25
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Book Description
Author: Olivier J. Blanchard
Publisher:
ISBN:
Category : Gross national product
Languages : en
Pages : 60
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Book Description
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. We find that demand disturbances have a hump shaped effect on both output and unemployment; the effect peaks after a year and vanishes after two to five years. Up to a scale factor, the dynamic effect on unemployment of demand disturbances is a mirror image of that on output. The effect of supply disturbances on output increases steadily over time, to reach a peak after two years and a plateau after five years. 'Favorab1e supply disturbances may initially increase unemployment. This is followed by a decline in unemployment, with a slow return over time to its original value. While this dynamic characterization is fairly sharp, the data are not as specific as to the relative contributions of demand and supply disturbances to output fluctuations. We find that the time series of demand-determined output fluctuations has peaks and troughs which coincide with most of the NBER troughs and peaks. But variance decompositions of output at various horizons giving the respective contributions of supply and demand disturbances are not precisely estimated. For instance, at a forecast horizon of four quarters, we find that, under alternative assumptions, the contribution of demand disturbances ranges from 40 to over 95 per cent.
Author:
Publisher:
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Category :
Languages : en
Pages :
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Author: Helmut Hofer
Publisher:
ISBN:
Category : Autoregression (Statistics)
Languages : en
Pages : 21
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Author: John W. Keating
Publisher:
ISBN:
Category :
Languages : en
Pages : 20
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Author: Marco Lippi
Publisher:
ISBN:
Category :
Languages : en
Pages : 24
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Author: Observatoire français des conjonctures économiques
Publisher:
ISBN:
Category :
Languages : fr
Pages : 12
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Author: Hilde C. Bjørnland
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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This paper analyses the dynamic effects of aggregate demand, supply and oil price shocks on GDP and unemployment in Germany, Norway, the UK and the USA, and establishes the role of the different shocks in explaining output fluctuations over time. Symmetries of economic fluctuations across countries are also examined. The different shocks are identified by imposing dynamic restrictions on a structural vector autoregression model. For all countries except Norway, oil price shocks have significant negative effects on output. However, whereas the oil price shock in 1973-74 triggered off a global recession, the recession in the early 1980s was largely caused by other disturbances.
Author: Johanna Hartikainen
Publisher:
ISBN:
Category :
Languages : en
Pages : 48
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Book Description
Tiivistelmä.
Author: Fouad Sabry
Publisher: One Billion Knowledgeable
ISBN:
Category : Business & Economics
Languages : en
Pages : 336
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Book Description
What is Aggregate Demand In economics, aggregate demand (AD) or domestic final demand (DFD) is the total demand for final goods and services in an economy at a given time. It is often called effective demand, though at other times this term is distinguished. This is the demand for the gross domestic product of a country. It specifies the amount of goods and services that will be purchased at all possible price levels. Consumer spending, investment, corporate and government expenditure, and net exports make up the aggregate demand. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Aggregate demand Chapter 2: Keynesian economics Chapter 3: Macroeconomics Chapter 4: IS-LM model Chapter 5: New Keynesian economics Chapter 6: Fiscal policy Chapter 7: Fiscal multiplier Chapter 8: Deficit spending Chapter 9: The General Theory of Employment, Interest and Money Chapter 10: Consumption (economics) Chapter 11: Accelerator effect Chapter 12: Crowding out (economics) Chapter 13: Pigou effect Chapter 14: Balanced budget Chapter 15: Mundell-Fleming model Chapter 16: Multiplier (economics) Chapter 17: AD-AS model Chapter 18: Keynesian cross Chapter 19: Demand-led growth Chapter 20: Aggregate supply Chapter 21: Crowding-in effect (II) Answering the public top questions about aggregate demand. (III) Real world examples for the usage of aggregate demand in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Aggregate Demand.
