Supply shocks and the divine coincidence
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Kim, Bae-Geun | - |
dc.date.available | 2019-03-08T12:39:18Z | - |
dc.date.issued | 2016-08 | - |
dc.identifier.issn | 0165-1765 | - |
dc.identifier.issn | 1873-7374 | - |
dc.identifier.uri | https://scholarworks.bwise.kr/cau/handle/2019.sw.cau/6686 | - |
dc.description.abstract | Unlike the conventional view, Blanchard and Gali (2007) point out that supply shocks alone do not create a policy trade-off between stabilizing inflation and stabilizing the output gap. This paper shows that supply shocks can be a natural source of the trade-off by assuming that non-produced inputs are used in fixed proportions with output in the production process. The results can also be generalized to the case when the elasticity of substitution between non-produced inputs and labor is less than unity. (C) 2016 Elsevier B.V. All rights reserved. | - |
dc.format.extent | 4 | - |
dc.language | 영어 | - |
dc.language.iso | ENG | - |
dc.publisher | ELSEVIER SCIENCE SA | - |
dc.title | Supply shocks and the divine coincidence | - |
dc.type | Article | - |
dc.identifier.doi | 10.1016/j.econlet.2016.06.018 | - |
dc.identifier.bibliographicCitation | ECONOMICS LETTERS, v.145, pp 210 - 213 | - |
dc.description.isOpenAccess | N | - |
dc.identifier.wosid | 000381834600049 | - |
dc.identifier.scopusid | 2-s2.0-84976502376 | - |
dc.citation.endPage | 213 | - |
dc.citation.startPage | 210 | - |
dc.citation.title | ECONOMICS LETTERS | - |
dc.citation.volume | 145 | - |
dc.type.docType | Article | - |
dc.publisher.location | 스위스 | - |
dc.subject.keywordAuthor | Supply shocks | - |
dc.subject.keywordAuthor | Divine coincidence | - |
dc.subject.keywordAuthor | Substitutability of inputs | - |
dc.subject.keywordPlus | OPTIMAL MONETARY-POLICY | - |
dc.subject.keywordPlus | WAGE | - |
dc.relation.journalResearchArea | Business & Economics | - |
dc.relation.journalWebOfScienceCategory | Economics | - |
dc.description.journalRegisteredClass | ssci | - |
dc.description.journalRegisteredClass | scopus | - |
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