Supply Shocks in Macroeconomics
19 Pages Posted: 15 Mar 2007 Last revised: 15 May 2022
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: Suggested Citation
Shapiro, Matthew D., Supply Shocks in Macroeconomics (February 1987). NBER Working Paper No. w2146, Available at SSRN: https://ssrn.com/abstract=971623
Do you have negative results from your research you’d like to share?
Feedback
Feedback to SSRN
If you need immediate assistance, call 877-SSRNHelp (877 777 6435) in the United States, or +1 212 448 2500 outside of the United States, 8:30AM to 6:00PM U.S. Eastern, Monday - Friday.