Contents
Aggregate Demand Gap Based on a Simple Structural VAR Model
- 2 WEB OF SCIENCE
- 3 SCOPUS
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- 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. (C) 2011 Elsevier B.V. All rights reserved.
- Issue Date
- 2012-02
- Publisher
- ELSEVIER SCIENCE SA
- Keywords
- Aggregate demand gap; Structural VAR; End-point problem
- Keywords Plus
- POLICY RULES
- Keywords(Author)
- Aggregate demand gap; Structural VAR; End-point problem
- Journal Title
- ECONOMICS LETTERS
- Start Page
- 228
- End Page
- 234
- ISSN
- 0165-1765
- Language
- English
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