## Demand Variability, Supply Shocks and the Output-inflation Tradeoff |

### What people are saying - Write a review

We haven't found any reviews in the usual places.

### Common terms and phrases

aggregate demand shock aggregate energy price aggregate output aggregate price level aggregate supply shocks autocorrelation change in nominal change of real classical view coefficient on Ax conditional on information Cukierman and Wachtel demand and supply demand variability detrended real output effect of supply-side energy price measure energy price shock equation 14 equation 20 factor demand equations Friedman's analysis Froyen given supply shock import price measure increased variability inflation rate inflation variability labor Lucas market-specific demand Milton Friedman moving variance natural rate Neutrality of Money nominal income Nt(v output equation output response output-inflation tradeoff Pfc(v Phillips curve price of energy product price production function pt(v qt(v rate of change rate of inflation rate of output Rational Expectations relationship between inflation relative price response to aggregate Rudiger Dornbusch second subperiod supply and demand supply equation supply-side shocks tradeoff curve trend variability of aggregate variability of inflation Waud wfc(v wt(v