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Jb. f. Wirtschaftswissenschaften, 63. Jg., 42–67, ISSN 0948-5139 © 2012 Lucius & Lucius Verlagsgesellschaft mbH, Stuttgart Aid Transfers, Supply Shocks, Dutch Disease and the Informal Sector By Gerhard Ressel 1. Introduction In the course of the „scaling-up aid“ debate, the IMF has presented a useful frame- work for the analysis of the impacts of financial transfers.1 According to this frame- work, developing countries’ governments exchange aid dollars on their central bank accounts into their own currency (if they don’t want to increase public imports or buy

Jahrbücher f. Nationalökonomie u. Statistik (Lucius & Lucius, Stuttgart 1999) Bd. (Vol.) 218/5+6 Abhandlungen / Original Papers Nachfrage- und Angebotsschocks in der Europäischen Union Empirische Ergebnisse und methodische Erläuterungen Demand and Supply Shocks in the European Union Empirical Results and Methodological Comments Von Lars Knudsen, Peter Stahlecker und Eckhardt Wohlers*, Hamburg JEL C32, E32 Nachfrage- und Angebotsschocks, Impulse-Response-Funktionen, restringierte VAR-Analyse, europäische Wirtschaftspolitik Demand and supply shocks

The B.E. Journal of Economic Analysis & Policy Topics Volume 10, Issue 1 2010 Article 88 Supply Shocks and Gender Bias in Child Health Investments: Evidence from the ICDS Programme in India Abhishek Chakravarty∗ ∗University College London, Recommended Citation Abhishek Chakravarty (2010) “Supply Shocks and Gender Bias in Child Health Investments: Evi- dence from the ICDS Programme in India,” The B.E. Journal of Economic Analysis & Policy: Vol. 10: Iss. 1 (Topics), Article 88. Supply Shocks and Gender Bias in Child Health Investments

Jahrbücher f. Nationalökonomie u. Statistik (Lucius & Lucius, Stuttgart 1999) Bd. (Vol.) 218/5+6 Demand and Supply Shocks in the IS-LM Model: Empirical Findings for Five Countries Nachfrage- und Angebotsschocks im IS-LM Modell: Empirische Ergebnisse für fünf Länder By Thomas J. Jordan, Zürich, and Carlos Lenz*, Basel JEL C32, E32 Structural vector autoregression, demand and supply shocks, business cycles. Strukturelle Vektorautoregression, Nachfrage- und Angebotsschocks, Konjunkturzyklen. Summary This paper analyzes whether the short-run behavior of

119 2 The Supply- Shock Explanation of the Great Stagfl ation Revisited Alan S. Blinder and Jeremy B. Rudd Everything should be made as simple as possible, but not simpler. —Albert Einstein 2.1 Preamble Between, say, the fi rst OPEC shock and the early 1980s, economists devel- oped what has been called “the supply- shock explanation” of what this conference calls the Great Infl ation, that is, the period of high infl ation seen in the United States (and elsewhere) between 1973 and 1982.1 At the con- ceptual level, the supply- shock explanation can be

Supply Shocks, Demand Response, and the Productivity Puzzle T H E OUTPUT and productivity slowdown of the 1970s seems a unique phenomenon when viewed against the background of the whole of the post-World War II period. Although our models may help to explain the slowdown in output growth, they do not in an obvious way explain the deceleration in growth of output per unit of input. The productivity slow- down has been widespread and has affected virtually all industrial countries. It also seems to have been fairly widespread sectorally, although this aspect

3 Wage Indexation, Supply Shocks, and Monetary Policy in a Small, Open Economy Joshua Aizenman and Jacob A. Frenkel 3.1 Introduction The energy crises of the 1970s stimulated a renewed interest in ques- tions concerning the proper adjustment to external supply shocks. In general, restoring equilibrium in response to shocks necessitates the adjustment of both quantities and prices. When applied to labor mar- kets, various proposals for policy rules attempting to restore labor market equilibrium may be classified in terms of their impact on the division

given certain exclusive rights by the author. Topics in Macroe- conomics is The Output Gap, Expected Future Inflation and Inflation Dynamics: Another Look∗ Yash P. Mehra Abstract The empirical test of the New Keynesian Phillips curve is often implemented by estimating a hybrid specification that includes both lagged and future inflation and then by examining whether the estimated coefficient on future inflation is significantly larger than the one on lagged inflation. This article presents evidence that supply shocks matter. Results in previous research – the output

References Abiad A., Dell’Ariccia G., Li B. 2012: What Have We Learned about Creditless Recoveries? IMF, Altavilla, C., Darracq-Paries, M., Nicoletti, G. 2015:. Loan supply, credit markets and the euro area financial crisis. European Central Bank, Working Paper Series No. 1861. Barnett, A., Thomas, R. 2013: Has weak lending and activity in the United Kingdom been driven by credit supply shocks? Bank of England, Working Paper No. 482. Bijsterbosch, M., Falagiarda, M. 2015: The macroeconomic

a NAIRU for Germany using direct measures of inflationary expectations. However, by any method, the NAIRU is very hard to determine and subject to considerable arbitrariness. JEL classification: C22, E24, E31. Keywords: NAIRU; unemployment; inflation; Phillips curve; natural rate; hysteresis; supply shocks; inflation expectations. 1. INTRODUCTION The ‘non-accelerating inflation rate of unemployment’ (NAIRU) comes bouncing back. The revival of the NAIRU can be observed both in academia and on the political stage as it is evidenced by numerous scholarly work