Supply Shocks in Macroeconomics

Matthew Shapiro

No 2146, NBER Working Papers from National Bureau of Economic Research, Inc

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.

Date: 1987-02
Note: EFG
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Citations: View citations in EconPapers (7)

Published as Shapiro, Matthew D. "Supply Shocks in Macroeconomics," The New Palgrave, London: Macmillan, 1987.
Published as Shapiro, Matthew D. "Are Cyclical Fluctuations In Productivity Due More To Supply Shocks Or Demand Shocks?," American Economic Review, 1987, v77(2), 118-124.

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Working Paper: Supply Shocks in Macroeconomics (1987)
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