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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Demand disturbances have a hump-shaped, mirror-image effect on output and unemployment.
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The effect of supply disturbances on output increases steadily over time, peaking after two years and reaching a plateau after five years. If you are a registered author of this item, you may also want to check the “citations” blancharv in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
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The authors interpret fluctuations in GNP and unemployment as due quuah two types of disturbances: Corrections All material on this site has been provided by the respective publishers and authors. Taylor, John B, 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.
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Olivier J Blanchard Danny Quah.
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Christiano, Lawrence J, More about this item Statistics Access and download statistics. General contact details of provider: Some evidence and implications ,” Journal of Monetary EconomicsElsevier, vol. RePEc uses bibliographic data supplied by the respective publishers.
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