Shocks and the economic outlook
Kenneth Beauchemin
Economic Commentary, 2011, issue June
Abstract:
The U.S. economy has recently been hit by a number of supply shocks, and businesses and consumers have seen oil, food, and materials prices rise as a result. Such shocks typically take several years to play themselves out completely. I apply a downsized version of a macroeconomic forecasting model in use at the Cleveland Fed to project the likely quantitative impact of the shocks on GDP growth and consumer prices.
Keywords: Forecasting (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedcec:y:2011:i:june13:n:2011-10
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