Aggregate demand gap based on a simple structural VAR model

Dongchul Cho

Economics Letters, 2012, vol. 114, issue 2, 228-234

Abstract: This paper presents aggregate demand gaps for seven OECD countries using structural VAR estimation. These estimates are far more robust than HP-filtered series–typical estimates for GDP-gaps–and demonstrate that both aggregate demand and supply shocks were important in the recent global financial crisis.

Keywords: Aggregate demand gap; Structural VAR; End-point problem (search for similar items in EconPapers)
JEL-codes: E10 E30 E32 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:114:y:2012:i:2:p:228-234

DOI: 10.1016/j.econlet.2011.09.038

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