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Supply Shocks in Macroeconomics / Matthew D. Shapiro.
- Format:
- Book
- Author/Creator:
- Shapiro, Matthew D.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w2146.
- NBER working paper series no. w2146
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1987.
- Summary:
- Supply shocks played an important role in macroeconomic fluctuations during the 1970's. Supply shocks are also increasingly important in Keynesian and neo-classical models of the business cycle. This paper is a short survey of these theoretical models. It also discusses the history of supply shocks in recent business cycles.
- Notes:
- Print version record
- February 1987.
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