A Traditional Interpretation of Macroeconomic Fluctuations
Опубликовано на портале: 13-04-2004
American Economic Review.
1989.
Vol. 79.
No. 5.
P. 1146-1164.
Тематический раздел:
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.
Ключевые слова
aggregate demand macroeconomics анализ экономических флуктуаций макроэкономический анализ модель совокупного спроса совокупный спрос
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