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Supply Shocks in Macroeconomics

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Abstract

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.

Suggested Citation

  • Matthew D. Shapiro, 1987. "Supply Shocks in Macroeconomics," Cowles Foundation Discussion Papers 821, Cowles Foundation for Research in Economics, Yale University.
    • Handle: RePEc:cwl:cwldpp:821
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    File URL: https://cowles.yale.edu/sites/default/files/files/pub/d08/d0821.pdf
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    Cited by:

    1. Makram GÂALICHE, 2013. "La Régulation Locale Entre Institutions Formelles Et Informelles: Analyse Par Application Au Cas De La Ville De Ksar-Hellal (Tunisie)," Romanian Journal of Economics, Institute of National Economy, vol. 36(1(45)), pages 149-157, June.
    2. Ashima Goyal & Sritama Ray, 2022. "Exploring correlations between aggregate demand and supply shocks in India," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2022-004, Indira Gandhi Institute of Development Research, Mumbai, India.
    3. repec:jis:ejistu:y:2013:i:01:id:371 is not listed on IDEAS
    4. Camille Logeay & Silke Tober, 2003. "Time-Varying Nairu and Real Interest Rates in the Euro Area," Economics Working Papers 024, European Network of Economic Policy Research Institutes.
    5. Leontyeva, Elena (Леонтьева, Елена) & Narkevich, Sergey (Наркевич, Сергей), 2015. "Optimal Practice of Creation and Management of Gold Reserves [Оптимальная Практика Создания И Управления Золотовалютными Резервами]," Published Papers mak12, Russian Presidential Academy of National Economy and Public Administration.
    6. Surajit Deb, 2003. "Terms of Trade and Supply Response of Indian Agriculture: Analysis in Cointegration Framework," Working papers 115, Centre for Development Economics, Delhi School of Economics.
    7. Makram GAALICHE, 2013. "Local regulation between formal and informal institutions: analysis by application to the case of the town of Ksar-Hellal (Tunisia)," Eastern Journal of European Studies, Centre for European Studies, Alexandru Ioan Cuza University, vol. 4, pages 17-24, June.
    8. Thomas M. Humphrey, 1990. "Ricardo versus Thornton on the appropriate monetary response to supply shocks," Economic Review, Federal Reserve Bank of Richmond, vol. 76(Nov), pages 18-24.
    9. Makrame Gaaliche, 2013. "Local regulation between formal and informal institutions: Analysis by application to the case of the town of Ksar-Hellal (Tunisia)," Economic Analysis Working Papers (2002-2010). Atlantic Review of Economics (2011-2016), Colexio de Economistas de A Coruña, Spain and Fundación Una Galicia Moderna, vol. 1, pages 1-1, June.

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