Supply Shocks in Macroeconomics

19 Pages Posted: 15 Mar 2007 Last revised: 15 May 2022

See all articles by Matthew D. Shapiro

Matthew D. Shapiro

University of Michigan at Ann Arbor - Department of Economics; National Bureau of Economic Research (NBER)

Date Written: February 1987

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.

Suggested Citation

Shapiro, Matthew D., Supply Shocks in Macroeconomics (February 1987). NBER Working Paper No. w2146, Available at SSRN: https://ssrn.com/abstract=971623

Matthew D. Shapiro (Contact Author)

University of Michigan at Ann Arbor - Department of Economics ( email )

and Survey Research Center
611 Tappan Street
Ann Arbor, MI 48109-1220
United States
313-764-5419 (Phone)
313-764-2769 (Fax)

National Bureau of Economic Research (NBER) ( email )

1050 Massachusetts Avenue
Cambridge, MA 02138
United States
313-764-5419 (Phone)
313-764-2769 (Fax)

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
48
Abstract Views
1,017
PlumX Metrics