Detail The Sources of Business Cycles : A Monetarist Interpretation   Oleh:  Roberts, John M. Jenis: Article from Bulletin/Magazine Dalam koleksi: INTERNATIONAL ECONOMIC REVIEW vol. 34 no. 4 (1993), page 923-934. Topik: BUSINESS CYCLES; sources; business cycles; monetarist interpretation Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: II49.3 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel Long - run restrictions can be imposed on a vector autoregressive model to identify structural macroeconomic shocks, as first proposed by Olivier Blanchard and Danny Quah. Here, I use restrictions motivated by Milton Friedman's remark that "Inflation is always and everywhere a monetary phenomenon" to identify low -frequency movements in inflation with changes in the central bank's desired inflation rate. I can then determine the portion of U. S. business - cycle fluctuations that results from changes in the inflation target. As well, I extend the Blanchard - Quah technique to overidentified models using an asymptotically efficient minimum - distance approach. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

Copyright © 2006, 2007 Unika Atma Jaya, all rights reserved