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The Boom and the Depression: A Note on the Identification of Aggregate Supply Shocks

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  • Pekka Sauramo

Abstract

This short paper is a straightforward continuation of Sauramo (1998). The aim of that paper was to analyse the boom of the late eighties and the depression of the early nineties by estimating structural VAR models which were based on the utilization of the traditional aggregate demand aggregate supply framework. These models typically belong to the class of IS-LM models which have been augmented with a Phillips curve.

Suggested Citation

  • Pekka Sauramo, 1998. "The Boom and the Depression: A Note on the Identification of Aggregate Supply Shocks," Working Papers 147, Työn ja talouden tutkimus LABORE, Labour Institute for Economic Research LABORE.
    • Handle: RePEc:pst:wpaper:147
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    File URL: https://labore.fi/wp-content/uploads/1998/01/Tutkimusselosteita-147.pdf
    File Function: First version, 1998
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