Aggregate demand and supply shocks and the economic fluctuations in Puerto Rico from 1950 to 2002

Wilfredo Toledo ()
Additional contact information
Wilfredo Toledo: Universidad de Puerto Rico. Recinto de Río de Piedras, Puerto Rico.

Economía, 2003, vol. 28-29, issue 19-20, 35-57

Abstract: This paper analyses the relative importance of supply and demand shocks in explaining the dynamics of aggregate output and prices in a small dolarized economy: Puerto Rico. Results indicate that supply shocks are important sources of output variability in the medium and long run while demand shocks seem to be more relevant for output in the short run.

Keywords: aggregate supply and demand shocks; business cycle; vector autoregressions. (search for similar items in EconPapers)
Date: 2003
References: Add references at CitEc
Citations:

Downloads: (external link)
ftp://iies.faces.ula.ve/Pdf/Revista19-20/Rev19-20Toledo.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ula:econom:v:28-29:y:2003-2004:i:19-20:p:35-57

Access Statistics for this article

Economía is currently edited by Dyanna María Ruíz Uzcátegui and Yibeli Emilia Briceño Carrero

More articles in Economía from Instituto de Investigaciones Económicas y Sociales (IIES). Facultad de Ciencias Económicas y Sociales. Universidad de Los Andes. Mérida, Venezuela Facultad de Ciencias Económicas y Sociales. Instituto de Investigaciones Económicas y Sociales. Campus Universitario Liria, Edificio G, Tercer Nivel. Mérida 5101, Estado Mérida, Venezuela. Contact information at EDIRC.
Bibliographic data for series maintained by Alexis Vásquez ().